Staying the same in 2016 (not all, but main limits of interest):
- The maximum annual benefit payable from a defined benefit plan remains at $210,000.
- The 401(k) deferral limit will remain at $18,000.
- The catch-up contribution for participants who have attained age 50 will remain at $6,000.
- The compensation-based definition of highly compensated employee (HCE) will remain at $120,000. Thus, an employee who earns more than $120,000 in 2015 will be deemed an HCE in 2016.
- The maximum amount of compensation taken into account for plan purposes will remain at $265,000.
- The maximum amount that can be contributed by and for a participant to a defined contribution plan (i.e. profit sharing or 401(k) plan) remains at $53,000 (this amount does not include catch-up contributions).