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Retirement Contribution Limits

12/31/2015

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Here are the 2015/2016 updates to salary deferral limits:
  • Maximum to 401(k), 403(b), 457 and Thrift plans: $18,000 (over 50 can add $6,000)
  • Maximum to  SIMPLE 401(k) and SIMPLE IRA: $12,500 (over 50 can add $3,000)
  • Maximum to Traditional and Roth IRA: $5,500 (over 50 can add $1,000)
  • Maximum to Defined Contribution Plan and SEPs: $53,000
Like many other things in the tax code, the above are subject to income limitations and thresholds:
  • Annual compensation limit for determining contributions: $265,000
  • SEP minimum compensation amount: $600
  • Limit of Annual benefits under a Defined Benefit Plan: $210,000
And then there is the distinction of being a highly compensated employee:
  • Highly compensated employee threshold is: $120,000
For more questions about retirement planning please reach out to info@tunstallorg.com
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The Tunstall Organization, Inc. 
615 S. College ST. 9th Fl
Charlotte, NC  28202

200 Broadway - 3rd Fl WeWork
​ New York, NY 10038
​

​info@tunstallorg.com
212-420-1077

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