Retirement Plan Contribution Limits
IU Retirement Plan
- Total employer and employee contributions (excluding age 50 catch up) to the IU 403(b) plans--the IU Retirement Plan and the IU Tax Deferred Account Plan (TDA)--may not exceed $49,000 for 2011 and $50,000 for 2012.
- Limits total compensation that may be used to calculate employer contributions to a salary of $245,000 for 2011 and $250,000 for 2012. May not apply to all participants.
IU Tax Deferred Account Plan (TDA)
402(g) contribution limit
The annual dollar limit for employee contributions to the IU TDA 403(b) plan is the lesser of:
- 100 percent of compensation for the calendar year; or
- $16,500 in 2011 and $17,000 in 2012
AND
For age 50 and over catch-up the participant may increase the annual dollar limit on elective deferrals by an amount not exceeding the lesser of:
- The participant’s compensation for the year reduced by any other elective deferrals of the participant for the year; or
- $5,500 in 2011 and 2012
IU Retirement Savings Plan
402(g) contribution limit
The annual dollar limit for employee contributions to the IU Retirement Savings 457(b) plan is the lesser of:
- 100 percent of compensation for the calendar year; or
- $16,500 in 2011 and $17,000 in 2012
AND
For age 50 and over catch-up the participant may increase the annual dollar limit on elective deferrals by an amount not exceeding the lesser of:
- The participant’s compensation for the year reduced by any other elective deferrals of the participant for the year; or
- $5,500 in 2011 and 2012
OR
Age 62, 63, 64 catch-up - The participant, if qualified, may increase the annual dollar limit on elective deferrals by an amount not exceeding the lesser of:
- The “underutilized limitation” (see Salary Deferral Agreement for further information); or
- $16,500 in 2011 and $17,000 in 2012
Benefit plan information on these web pages is in a summary format and is not intended to replace actual plan documents. Indiana University reserves the right to amend or terminate all or any part of any benefit plan.
