Annual Plan Limits
2016 |
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Limits on benefits and contributions: |
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401(k), 403(b) and 457 plan elective deferrals |
$18,000 |
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Defined contribution plans total contribution
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$53,000 |
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Defined benefit plans |
$210,000 |
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SIMPLE plan elective deferrals |
$12,500 |
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IRA |
$5,500 |
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Catch-up contributions: |
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401(k), 403(b) and 457 plans |
$6,000 |
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SIMPLE plans |
$3,000 |
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IRA |
$1,000 |
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"Highly Compensated" definition |
$120,000 |
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Social Security Taxable wage base |
$118,500 |
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Compensation |
$265,000 |