Benefit Limits

Dollar limitations for pension and other types of retirement plans for tax year 2016.

 

The following chart reflects the retirement plan dollar limitations for tax year 2016. This includes the cost of living adjustments as announced by the Internal Revenue Service on October 21, 2015.

401k Plan Limits for Year 2016 2015 2014 2013 2012 2011 2010
401k Elective Deferrals $18,000 $18,000 $17,500 $17,500 $17,000 $16,500 $16,500
Annual Defined Contribution Limit $53,000 $53,000 $52,000 $51,000 $50,000 $49,000 $49,000
Annual Compensation Limit $265,000 $265,000 $260,000 $255,000 $250,000 $245,000 $245,000
Catch-Up Contribution Limit $6,000 $6,000 $5,500 $5,500 $5,500 $5,500 $5,500
Highly Compensated Employees $120,000 $120,000 $115,000 $115,000 $115,000 $110,000 $110,000
Non-401k Related Limits
403(b)/457 Elective Deferrals $18,000 $18,000 $17,500 $17,500 $17,000 $16,500 $16,500
SIMPLE Employee Deferrals $12,500 $12,500 $12,000 $12,000 $11,500 $11,500 $11,500
SIMPLE Catch-Up Deferral $3,000 $3,000 $2,500 $2,500 $2,500 $2,500 $2,500
SEP Minimum Compensation $600 $600 $550 $550 $550 $550 $550
SEP Annual Compensation Limit $265,000 $265,000 $260,000 $255,000 $250,000 $245,000 $245,000
Social Security Wage Base $118,500 $118,500 $117,000 $113,700 $110,100 $106,800 $106,800