Broker Check

Annual Plan Limits

 

2016

Limits on benefits and contributions:

 

401(k), 403(b) and 457 plan elective deferrals

$18,000

 

Defined contribution plans total contribution
(elective deferral + employer match)

$53,000

 

Defined benefit plans

$210,000

 

SIMPLE plan elective deferrals

$12,500

 

IRA

$5,500

Catch-up contributions:

 

401(k), 403(b) and 457 plans

$6,000

 

SIMPLE plans

$3,000

 

IRA

$1,000

"Highly Compensated" definition

$120,000

Social Security Taxable wage base

$118,500

Compensation

$265,000