{"id":1177,"date":"2012-10-18T23:45:01","date_gmt":"2012-10-19T03:45:01","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=1177"},"modified":"2012-10-18T23:45:01","modified_gmt":"2012-10-19T03:45:01","slug":"2013-retirement-plan-limits","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=1177","title":{"rendered":"2013 Retirement Plan Limits"},"content":{"rendered":"<p>It\u2019s that time of the year as the Internal Revenue Service announced their 2013 Retirement Plan Limits.\u00a0 Some limits stay the same, but some have increased.<\/p>\n<ul>\n<li><strong>Annual Compensation<\/strong>: \u00a0Increases from $250,000 to $255,000<\/li>\n<li><strong>Elective Deferrals<\/strong><\/li>\n<\/ul>\n<p>\u25e6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 401(k)\/403(b)\/457: \u00a0Increases from $17,000 to $17,500<\/p>\n<p>\u25e6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 SIMPLE IRA: Increases from $11,500 to $12,000<\/p>\n<ul>\n<li><strong>Catch-Up Contributions<\/strong><\/li>\n<\/ul>\n<p>\u25e6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 401(k)\/403(b)\/457: Unchanged at $5,500<\/p>\n<p>\u25e6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 SIMPLE IRA: Unchanged at $2,500<\/p>\n<ul>\n<li><strong>Annual Additions Limit<\/strong><\/li>\n<\/ul>\n<p>\u25e6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Defined Contribution Plan: \u00a0Increases from $50,000 to $51,000<\/p>\n<p>\u25e6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Defined Benefit Plan: \u00a0Increases from $200,000 to $205,000<\/p>\n<ul>\n<li><strong>HCE Determination<\/strong>: \u00a0Compensation unchanged at $115,000<\/li>\n<li><strong>Key Employee<\/strong>: \u00a0Officer compensation unchanged at $165,000<\/li>\n<li><strong>Social Security Wage Base<\/strong>: \u00a0Increases from $110,100 to $113,700<\/li>\n<\/ul>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>It\u2019s that time of the year as the Internal Revenue Service announced their 2013 Retirement Plan Limits.\u00a0 Some limits stay the same, but some have increased. Annual Compensation: \u00a0Increases from $250,000 to $255,000 Elective Deferrals \u25e6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 401(k)\/403(b)\/457: \u00a0Increases from $17,000 &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=1177\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1177"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1177"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1177\/revisions"}],"predecessor-version":[{"id":1178,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1177\/revisions\/1178"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}