The new 2013 contribution limits and related limits for retirement plans were released today.
Here is a Quick Summary:
Annual addition limit: $51,000 (formerly $50,000)
Salary deferral limit: $17,500 (formerly $17,000)
Maximum compensation to be considered: $255,000(formerly $250,000)
Compensation used to determine a Highly Compensated Employee: $115,000
Compensation used to determine a Key Employee: $165,000
Social Security taxable wage base: $113,700 (formerly $110,100)
The catch-up contribution limit remains the same at $5,500