403(b) Retirement Plan Annual Contribution Limits
The following chart summarizes the changes in tax law that impact the University 403(b) plan.
|
403(b) Plan Dollar and Percentage Limits |
|||||
|
Rule |
2008
|
2009
|
2010
|
2011
|
2012
|
|
Limit
on employee contributions |
$15,500
|
$16,500
|
$16,500
|
$16,500
|
* $16,500
|
|
"Catch-Up"
contributions for participants 50 or over |
$5,000 |
$5,500 |
$5,500 |
$5,500 |
* $5,500 |
|
Compensation
limit for plan contributions for UD employees joining the plan after
|
$230,000
|
$245,000
|
$245,000
|
$245,000
|
* $245,000
|
|
Limit
on employer plus employee contributions |
**$46,000 |
**$49,000 |
**$49,000 |
**$49,000 |
**$49,000 |
Note: * = 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 $54,500. Contact Human Resources for additional information.
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