401(k), 403(b), and 457 Contribution

and Benefit Limits 2013

Each year the Internal Revenue Service provides the annual contribution limits for employees who participate in 401(k), 403(b), and most 457 plans. Maximize your retirement potential today by contributing to a John Hancock 401(k) Plan or Mutual Fund IRA.

Type of Limitation 2012 2013
Deferral/ Contribution Limits
401(k), 403(b) and most 457 Plans Maximum Annual Elective Deferral Limit $17,000 $17,500
SIMPLE Maximum Annual Elective Deferral Limit $11,500 $12,000
Traditional IRA Contribution Limit Lesser of:
$5,000 or 100% of compensation
Lesser of:
$5,500 or 100% of compensation
Catch-up Contribution Limits for Individuals aged 50 or over
401(k), 403(b) and most 457 $5,500 $5,500
SIMPLE 401(k) or SIMPLE IRA $2,500 $2,500
Traditional IRA $1,000 $1,000
Annual Limits
Defined Benefit Plan $200,000 $205,000
Defined Contribution Plan Lesser of:
$50,000 or 100% of compensation
Lesser of:
$51,000 or 100% of compensation
Allowable Compensation for Deduction, Benefit and Contribution Purposes $250,000 $255,000

Quick Guide to Retirement Plans

401(k) For-profit employer-offered retirement plan. Tax-deferred account.
403(b) Nonprofit employer-offered retirement plan. Tax-deferred account.
457 Defined Contribution Plan State or local government or a tax-exempt organization-offered retirement plan. Tax-deferred account.
Traditional IRA Individual Retirement Account with tax deductible contributions.
Roth IRA Individual Retirement Account with tax-free growth and withdrawals.
SIMPLE Plans 401(k) and IRA plan for small businesses with 100 or fewer employees

Helpful Links

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Limits stated above are subject to the provisions of the plan. Refer to your plan document or contact your Plan Consultant (TPA) for more information.

John Hancock Retirement Plan Services LLC and Manulife Asset Management Trust Company (conducting business as "John Hancock Trust Company") offer service programs for retirement plans through which a sponsor or administrator of a plan may invest in mutual funds and collective investment trusts on behalf of plan participants. Mutual funds and collective investment trusts available through Fidelity Brokerage Services LLC ("Fidelity") have not been individually selected by John Hancock or Fidelity Investments©. Administrative and recordkeeping services are provided by John Hancock Retirement Plan Services LLC. Group annuity contracts are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595. Product features and availability may differ by state. John Hancock Trust Company provides trust and custodial services. Securities products, when offered, are offered through John Hancock Distributors LLC, member FINRA/SIPC.

NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT INSURED BY ANY GOVERNMENT AGENCY

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