Plan Limitations |
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Select Plan Year: 2012
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| EMPLOYEE/EMPLOYER AND SELF-EMPLOYMENT TAX RATE ( SEE INDIVIDUAL TAX RATE BELOW) : |
AMOUNT |
| SELF-EMPLOYMENT DOLLAR CONTRIBUTION RATE - INCLUDING MEDICARE |
.1040 |
| HIGHLY COMPENSATED EMPLOYEE DETERMINATION **: |
AMOUNT |
| ANY EMPLOYEE COMPENSATION TO DETERMINE HIGHLY COMPENSATED THRESHOLD |
115000 |
| INDIVIDUAL/EMPLOYER SOCIAL SECURITY TAX RATE: |
AMOUNT |
| INDIVIDUAL SOCIAL SECURITY CONTRIBUTION RATE ( WAGE BASE LIMITATION-EXCLUDING MEDICARE) |
.0420 |
| INDIVIDUAL MEDICARE CONTRIBUTION RATE ( ALL COMPENSATION COUNTED) |
.0145 |
| KEY "TOP HEAVY" DETERMINATION***: |
AMOUNT |
| OFFICER ANNUAL COMPENSATION THRESHOLD |
165000 |
| 10 LARGEST OWNERS |
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| 1% OWNER ANNUAL DOLLAR COMPENSATION THRESHOLD |
150000 |
| MAXIMUM ALLOWABLE COMPENSATION WHICH DETERMINES EMPLOYER/EMPLOYEE CONTRIBUTIONS: |
AMOUNT |
| MAXIMUM ANNUAL DOLLAR COMPENSATION LIMIT |
250000 |
| MAXIMUM ANNUAL EMPLOYER/EMPLOYEE PLAN ACCRUED BENEFIT LIMIT: |
AMOUNT |
| MAXIMUM DEFINED BENEFIT DOLLAR LIMITATION (PAYABLE AS A SINGLE LIFE ANNUITY AT THE PARTICIPANTS' SOCIAL SECURITY NORMAL RETIREMENT DATE |
200000 |
| MAXIMUM EMPLOYER/EMPLOYEE CONTRIBUTION- PER PARTICIPANT - PLAN LIMITATION *: |
AMOUNT |
| DEFINED CONTRIBUTION DOLLAR LIMITATION |
50000 |
| PARTICIPANT CONTRIBUTION LIMITATION: |
AMOUNT |
| MAXIMUM 401(k),403(b) AND SARSEP |
17000 |
| PARTICIPANT CONTRIUTION LIMITATION: |
AMOUNT |
| MAXIMUM 401(k) DEFERRAL LIMITATIONS - 402(g) |
17000 |
| 457 MAXIMUM INDIVIDUAL DEFERRAL LIMITATION |
17000 |
| MAXIMUM CATCH-UP CONTRIBUTION FOR 401(k) AND 403(b) PLANS |
5500 |
| MAXIMUM DEFERRAL LIMITS - SARSEP AND 457 |
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| SIMPLE DEFERRAL DOLLAR LIMITATION |
11500 |
| MAXIMUM DOLLAR CATCH-UP LIMITATION FOR SIMPLE PLAN |
2500 |
| SELF-EMPLOYMENT TAX RATE: |
AMOUNT |
| SELF EMPLOYMENT MEDICARE COMPENSATION CONTRIBUTION RATE |
.0290 |
| SEP COMPENSATION TO DETERMINE ELEGIBILITY FOR SEP: |
AMOUNT |
| SEP ANNUAL DOLLAR COMPENSATION FLOOR |
550 |
| SOCIAL SECURITY COVERED COMPENSATION LIMITATIONS: |
AMOUNT |
| SOCIAL SECURITY WAGE BASE COMPENSATION DOLLAR LIMITATION |
110000 |
| MEDICARE CONTRIBUTION COMPENSATION LIMITATION |
No Limit |
PLEASE NOTE:
* Not including catch up provisions
** Subject to Top Paid Election
*** All compensation counted
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