IRS Limits

Current IRS Limits on Benefits and Compensation

2016 2015
Qualified Plan
Compensation Limit
$265,000 $265,000
401(k) / 403(b) / 457 Plans
Maximum Elective Deferral
$18,000 $18,000
SIMPLE Plan
Maximum Elective Deferral
$12,500 $12,500
401(k) / 403(b) / 457 Plans
Catch-Up Contribution Limit
$6,000 $6,000
SIMPLE Plan
Catch-Up Contribution Limit
$3,000 $3,000
Highly Compensated
Compensation Test
$120,000 $120,000
Key Employee
Compensation Test
$170,000 $170,000
Social Security
Taxable Wage Base
$118,500 $118,500
Defined Contribution Plan
Annual Additions Limit
$53,000 $53,000
Defined Benefit Plan
Annual Benefit Limit
$210,000 $210,000