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EMPLOYEE BENEFITS UPDATE: IRS Benefit Plan Limitations

Earlier today, the Internal Revenue Service issued the various retirement plan limitations for 2016. The most important numbers have not changed from 2015.

  • Elective Deferral Limit—$18,000
  • Catch-Up Contributions—$6,000
  • 415 (Total) Plan Limit—$53,000
  • Compensation Limit—$265,000

See an up-to-date chart that shows the historical limits from 2012 through 2016, and a reference to the IRS sources.

For more information regarding these updates please contact Matthew J. Flanary at (262) 364-0253 or at mflanary@buelowvetter.com.

 

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