The IRS has announced a 2012 Cost of Living Adjustment (COLA) for retirement plans. Check the chart below for the most commonly used limits, as many have changed for the coming year.
| Employee Deferral Limit for 401k/403b Plans | $17,000 |
| Defined Contribution Limit (Total for employee plus employer contributions) | $50,000 |
| Age 50+ Catch-up Contribution Limit for 401k/403b Plans | $5,500 (same as 2011) |
| Annual Compensation Limit (for benefit calculations) | $250,000 |
| Employee Deferral Limit for SIMPLE Plans | $11,500 (same as 2011) |
| Age 50+ Catch-up Contribution Limit for SIMPLE plans | $2,500 (same as 2011) |
| Highly Compensated Employee (HCE) Definition | $115,000 |
| Social Security Taxable Wage Base | $110,100 |