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What is the maximum contribution to a qualified 403b plan that I can make for 2012?


The BIDaWIZ Team's Answer:

Employees can contribute he smaller of: 1) $17,000, or up to 100% of includable compensation or for those with employer matches or other employer contributions, limits are $50,000 or 100% of compensation (whichever is less). Note: the employee is still limited to the employee elective deferral limit ($17,000 for 2012). An employer can add up to another $33,000. In addition, if you are 50 or older at any time during 2012, you may contribute an additional $5,500.

The BIDaWIZ Team



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