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
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

$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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