There has been an increase in some retirement plan contributions for 2012. See the chart below for a comparison of 2011 and 2012 amounts:
| 2012 | 2011 | |||
| 401(k), 403(b), SARSEP, 457 | $17,000 | $16,500 | ||
| SIMPLE Plans | $11,500 | $11,500 | ||
| IRA | $5,000 | $5,000 | ||
| Defined Contrilbution Wage Limit | $50,000 | $49,000 | ||
The over 50 catch up amounts remain $5,500 for 401(k). $2,500 for SIMPLE and $1,000 for IRA’s.
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