For 2013 the IRS has just announced the following new dollar limits for retirement plans:

1. Section 415 limit for plan 1 annual benefit payments - $205,000 (up $5,000)

2. General limit on compensation for non-grandfathered members that can be taken into account for retirement plan benefits (Section 401(a)(17) limit) - $255,000 (up $5,000)

3. Limit on compensation that can be taken into account for participants where there is a limited grandfather - $380,000 (up $5,000)

4. Section 415 limit for “401(a)” plans - $51,000 (up $1,000)

5. Section 403(b), most 457 and 401(k) plan contributions limits- $17,500 (up $500)

6. Section 403(b), most 457 and 401(k) plan catch-up for age 50 and over - $5,500 (no change)