IRS Releases Covered Compensation Tables for 2012

The U.S. Internal Revenue Service (IRS) has issued Revenue Ruling 2012-5 which provides tables of covered compensation under Section 401(l)(5)(E) of the Internal Revenue Code for the 2012 plan year. These tables are used to determine contributions to defined benefit plans and permitted disparity. For purposes of determining covered compensation for the 2012 year, the taxable wage base is $110,100.