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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.

 
2013 Annual Maximum Contribution Limits
Participant Age
Maximum Limit
Under Age 50
$17,500
Age 50 & Over
$23,000
Catch-Up Provision*
$35,000
 
*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.