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William Perez

403(b) Limits for 2013

By October 23, 2012

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Participants in 403(b) plans will be able to save up to $17,500 for the year 2013, according to the Internal Revenue Service which released updated pension plan limitations for the year 2013 (IR-2012-77).

The 403(b) contribution limits for 2013 will be as follows:

  • up to $17,500 in elective salary deferrals,
  • plus up to an additional $5,500 in "catch-up contributions"  if the 403(b) participant is age 50 or older,
  • and total contributions (employee's salary deferrals plus employer's matching contributions) cannot exceed $51,000.

Related: What is a 403(b) Plan? & Understanding Your 403(b) Plan.

February 13, 2013 at 5:33 am
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