Vision Payroll

Important Facts and Figures 2011-2013

201320122011
§401(k), §403(b), §457(e)(15) Annual Deferral Limit$17,500$17,000$16,500
§401(k), §403(b), §457(e)(15) Age 50 Catch-Up Deferral $5,500$5,500$5,500
Deferred Contribution Compensation Limit$255,000$250,000$245,000
Deferred Contribution Combined Limit$51,000$50,000$49,000
Social Security Wage Limit$113,700$110,100$106,800
Social Security Maximum Withholding$7,049.40$4,624.20$4,485.60
Social Security Employer Maximum$7,049.40$6,826.20$6,621.60
SIMPLE Plan Deferral Limit$12,000$11,500$11,500
SIMPLE Plan Age 50 Catch-Up Deferral$2,500$2,500$2,500
IRA Contribution Limit$5,500$5,000$5,000
IRA Age 50 Catch-Up Contribution$1,000$1,000$1,000
Highly Compensated Employee$115,000$115,000$110,000
Key Employee in a Top-Heavy Plan$165,000$165,000$160,000
Control Employee for Reg. §1.61-21(f)(5)(i)$100,000$100,000$95,000
Control Employee for Reg. §1.61-21(f)(5)(iii)$205,000$205,000$195,000
Business Mileage Rate (January 1 - June 30)$0.565$0.555$0.510
Business Mileage Rate (July 1 - December 31)$0.565$0.555$0.555
SEP Compensation Threshold$550$550$550
Federal Hourly Minimum Wage (Effective July 24)$7.25$7.25$7.25
Health Savings Account (HSA) Self-Only Coverage Contribution$3,250$3,100$3,050
HSA Self-Only Out-of-Pocket Maximum$6,250$6,050$5,950
HSA Self-Only Minimum Deductible$1,250$1,200$1,200
HSA Family Coverage Contribution$6,450$6,250$6,150
HSA Family Coverage Out-of-Pocket Maximum$12,500$12,100$11,900
HSA Family Minimum Deductible$2,500$2,400$2,400
HSA Age 55 Catch-Up Contribution$1,000$1,000$1,000
Medical Savings Account (MSA) Self-Only Deductible Minimum$2,150$2,100$2,050
MSA Self-Only Deductible Maximum$3,200$3,150$3,050
MSA Self-Only Out-of-Pocket Maximum$4,300$4,200$4,100
MSA Family Deductible Minimum$4,300$4,200$4,100
MSA Family Deductible Maximum$6,450$6,300$6,150
MSA Family Out-of-Pocket Maximum$7,850$7,650$7,500
Monthly Transit Pass Maximum Fringe Benefit Exclusion$245$240$230
Monthly Qualified Parking Maximum Fringe Benefit Exclusion$245$240$230
Monthly Qualified Bicycle Commuting Maximum Fringe Benefit Exclusion$20$20$20

See also Important Facts and Figures 2013-2015.

See also Important Facts and Figures 2008-2010.