With the end of the year just around the corner, you will want to seriously consider your retirement funding, so here are the 2016 Qualified retirement plan limits:

  • $  18,000 – Pretax contribution limit for 401k and SEP plans and 403(b) annuities
    • $    6,000 – Workers aged 50 or over (catch-up)
  • $  12,500 – SIMPLE pretax contribution limit
    • $    3,000 – Workers aged 50 or over (catch-up)
  • $210,000 – Sec. 415(b)(1)(A) defined benefit plan annual benefit ceiling
  • $  53,000 – Combined employer/employee pay-in limits for all defined contribution plans
  • $265,000 – Annual compensation limit under Sec. 401(b)(17) and Sec 404(l)
  • $265,000 – Sec 408(k)(3)(C) IRA, SEP or SIMPLE plan limits
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