Newsletter
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 |