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2016 Retirement Plan Limits Unchanged

11.2.15

The IRS recently announced retirement plan related dollar limits for 2016. The items are unchanged from 2015; some of the key figures are summarized in the chart below:

 2016 Retirement Plan Limits 2016 2015 2014
 Elective Salary Deferrals (401(k) & 403(b)) 18,000 18,000 17,500
 Catch-Up Contribution (age 50 or older) 6,000 6,000 5,500
 Maximum Compensation 265,000   265,000   260,000
 Maximum Benefit For Defined Benefit Plan 210,000 210,000 210,000
 Maximum Annual Addition For Defined Benefit Plan   53,000 53,000 52,000
 Pay Threshold To Determine HCE 120,000 120,000 115,000
 Officer Pay Threshold To Determine Key Employee 170,000 170,000 170,000
 Social Security Taxable Wage Base (OASDI) 118,500 118,500 117,000





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