2012 Qualified Retirement Plan COLA Changes

Posted on

Cost of Living Adjustments for Defined Contribution Retirement Plans

On October 20, 2011, the IRS announced cost of living adjustments affecting Qualified Retirement Plans. Some of the limitations remain unchanged from 2011.
Source: KSPH, LLC
Effective January 1, 2012



Qualified Plan Compensation Limit



401k/403b/457 Deferral Limit



401k/403b/457 Catch Up Limit (50+)



SIMPLE Plan Deferral Limit



SIMPLE Plan Catch Up Limit (50+)



Defined Contribution Plan Annual Limit



Defined Benefit Plan Annual Limit



Highly Compensated Group



Social Security Wage Base



SEP Eligibility Compensation



Dollar Limit for Key Employee



About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

More Insights from Keiter CPAs

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


How Can We Help You and Your Business?

Innsbrook Corporate Center
4401 Dominion Boulevard
Glen Allen, Virginia 23060

804.747.0000 or 804.273.6200