The following chart summarizes the changes in tax law that impact the University 403(b) plan.
| 403(b) Plan Dollar and Percentage Limits | |||||
| Rule | 2009 | 2010 | 2011 | 2012 | 2013 |
| Limit on employee contributions | $16,500 | $16,500 | $16,500 | $17,000 | *$17,500 |
| "Catch-Up" contributions for participants 50 or over | $5,500 additional |
$5,500 additional |
$5,500 additional |
$5,500 additional |
*$5,500 additional |
| Compensation limit for plan contributions for UD employees joining the plan after 7/1/1996 | $245,000 | $245,000 | $245,000 | $250,000 | *$255,000 |
| Limit on employer plus employee contributions | **$49,000 | **$49,000 | **$49,000 | **$50,000 | **$51,000 |
* Limits subject to annual review
by the IRS.
** Age 50 Catch-up contributions can be excluded from 415 Limit, allowing total employer and employee contributions to be as much as $56,500. Contact Human Resources for additional information.
