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2016 Retirement Plan Limits

The Internal Revenue Service has announced 2016 Pension Plan Limitations, which largely remain unchanged from 2015.

Category
2016
Elective Deferral Limit for 401(k) and 403(b) Plans
$18,000
415 Annual Additions Limit for Defined Contribution Plans
$53,000
415 Limit on Annual Benefits for Defined Benefit Plans
$210,000
Catch-up Contribution Limit
$6,000
Annual 401(a)(17) Compensation Limit
$265,000
Highly Compensated Employee Limit
$120,000
SIMPLE Retirement Plan Contribution Limit
$12,500

 

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