IRS Announces 2013 Cost-of-Living Adjustments to Benefit Plan Limits

[author: Jeffrey Cairns]

The Internal Revenue Service has released the 2013 cost-of-living adjustments for compensation and benefit limits related to retirement plans.  The following chart summarizes 2013 retirement plan limits and other benefit plan limits. These limits are adjusted as often as every year to account for increases in the cost of living, or as established by statute. By statute, several of these numbers may not be reduced. Many of the amounts have increased from the 2012 limits. The 2012 limits are also listed for reference purposes.




Elective Deferral Limit 401(k), 403(b), 457(b)



Catch-up Limit (age 50+)



Defined Benefit Limit



Defined Contribution Limit



Dollar Limit for Highly Compensated Employees



Officer-Key Employee



Annual Compensation Limit



SEP Eligibility Compensation Limit



SIMPLE Deferral Limit



SIMPLE Catch-up Limit (age 50+)



Social Security Taxable Wage Base



ESOP 5 Year Distribution Extension

Account minimum

Additional amount for 1 year extension







HSA (self/family)


HDHP Deductible- minimum

Out-of-Pocket Expenses-maximum












DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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