2012 Annual Benefit Plan and Social Security Limits

2012 Annual Benefit Plan Amounts Contribution & Benefit Limits 2011 Limit 2012 Limit Section 401(k), 403(b), or 457(b) annual deferral $16,500 $17,000 SIMPLE plan annual deferral $11,500 $11,500 Section 415 maximums – annual benefit from                     defined benefit plan $195,000 $200,000 – annual additions to defined    contribution plan $49,000 $50,000 Maximum IRA contribution $5,000 $5,000 Catch-up contribution limits – retirement plan $5,500 $5,500 – SIMPLE plan $2,500 $2,500 – IRA $1,000 $1,000 Compensation Amounts Annual compensation limit $245,000 $250,000 Grandfathered governmental plan participants $360,000 $375,000 Highly compensated employees – any employee* $110,000 $115,000** – 5-percent owner no minimum no minimum *Employer may elect to limit to top-paid 20%**Due to the look-back rule, first applies in determining HCEs in 2013. Key employees – officer $160,000 $165,000 – 1-percent owner $150,000 $150,000 – 5-percent owner no minimum no minimum

Social Security/HSA Limits Social Security 2011 Limit 2012 Limit – OASDI taxable wage base $106,800 $110,100 – OASDI tax rate – employer 6.2% 6.2% – OASDI tax rate – employee 4.2% 6.2%# – maximum monthly benefit at    SSRA* $2,366 $2,513 – cost of living adjustment 0% 3.6% Maximum income without reducing Social Security retirement benefits – SSRA* or over no limit no limit – year individual attains SSRA* $3,140/mo^ $3,240/mo^ – under SSRA* $14,160/yr $14,640/yr #Subject to legislative change. *Social Security Retirement Age (age at which an individual may receive an unreduced monthly benefit).  ^No limit on earnings beginning the month an individual attains SSRA. HSA Limits Maximum HSA contribution – individual $3,050 $3,100 – family $6,150 $6,250 Minimum HDHP deductible – individual $1,200 $1,200 – family $2,400 $2,400 Catch-up contribution limit $1,000 $1,000

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