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2013 Contribution Limits for Defined Contribution Plans |
The Internal Revenue Service announced cost-of-living adjustments for
calendar year 2013. MNDCP participants may contribute the lesser of 100%
of their includible compensation or the 2013 maximum contribution
limit. |
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2013 Annual Maximum Contribution Limits |
Participant Age |
Maximum Limit |
Under Age 50 |
$17,500 |
Age 50 & Over |
$23,000 |
Catch-Up Provision* |
$35,000 |
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| *The Catch-Up Provision permits participants within three years of their normal retirement age and under certain circumstances to contribute up to $35,000 in 2013. |
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