IRS Announces 2016 Pension Plan Limitations

IRS Announces 2016 Pension Plan Limitations

Fulcrum Partners Executive Benefits News, Fulcrum Partners NEWS

IRS Announces 2016 Pension Plan LimitationsIRS Announces 2016 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2016

Ponte Vedra Beach, FL — (October 23, 2015) —  The IRS announced yesterday that there will be no cost of living adjustments for qualified pension and defined contribution plans.  The important retirement plan limits for 2016 and 2015 are summarized below:

2016 2015
Elective Deferral Limit for 401(k) and 403(b) Plans $18,000 $18,000
Age 50 Catch Up Limit for 401(k) and 403(b) Plans $6,000 $6,000
415 Defined Contribution Plan Limit $53,000 $53,000
Qualified Compensation Limit $265,000 $265,000
Highly Compensated Employee Limit $120,000 $120,000
Key Employee Officer Compensation Limit $170,000 $170,000
Social Security Taxable Wage Base $118,500 $118,500

About Fulcrum Partners LLC :

Fulcrum Partners LLC (www.fulcrumpartnersllc.com) is one of the nation’s leading and largest executive benefits consultancies. A team of experienced industry professionals, the consultants at Fulcrum Partners focus on an integrated approach to the design, financing, and plan administration of executive benefits programs. Fulcrum Partners LLC is a wholly independent, member-owned firm dedicated to helping organizations enhance their Total Rewards Strategy. Founded in Ponte Vedra Beach, FL in 2007, today the company has offices in Atlanta; Chicago; Charleston, (South Carolina); Columbus, (Ohio); Delray Beach, Florida; Honolulu; Houston; Los Angeles; Orlando; Ponte Vedra Beach, (Florida); Portland, (Oregon); and Washington D.C.

Bruce Brownell

904.296.2563

press@fulcrumpartnersllc.com

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