This document provides various indexed figures and limits for qualified retirement plans, state disability benefits, and flexible spending accounts for 2016. It lists the annual contribution limit for 401k, 457, 403b plans ($18,000), the annual benefit limit for defined benefit plans ($210,000), and the plan compensation limit ($265,000). It also outlines who qualifies as a highly compensated employee, including those owning more than 5% of a company or earning over $120,000. Health savings account limits and transportation benefits are also included.

1. 2016INDEXED FIGURES FOR
QUALIFIED PLANS
STATE DISABILITY
MAXIMUM WEEKLY
BENEFIT AMOUNTS
Please contact Benefit Express with
any questions - 1.847.637.1550
WHAT QUALIFIES SOMEONE
AS HIGHLY COMPENSATED?
401(k)/457/403b Contribution Limit (Calendar Year)
Annual Contribution Limit (Money Purchase, Profit Sharing, Target Plans)
Annual Benefit Limit (Defined Benefit Plans)
Plan Compensation Limit
Social Security Wage Base (FICA Taxable Wage Base)
Catch-up Contribution Limit for 401(k) Plans
Sec. 613 EGTRRA – Key Employee in Top-Heavy Plan
Highly Compensated Employees (Sec.414q)
Health Savings Account Limits
Single Level for Medical Coverage
Family Level for Medical Coverage
Catch-Up Contributions (Age 55 or Older)
Health Care Flexible Spending Account
Dependent Care Flexible Spending Account
Transit
Parking
* Amount for 2016 has not yet been announced
California
Hawaii
New Jersey
New York
Rhode Island
Puerto Rico
$1,104
$552
$604
$170
$770
$113
1. Employees owning more than 5% of a company,
as well as an employee who is a spouse, child, parent or
grandparent of an employee owning more than 5% of a
company will always be considered highly compensated.
2. Employees who earned more than $120,000
in 2014 will be considered highly compensated in the
following year.
*
*
*
*
*
*
*
*
$3,350
$6,750
$1,000
*
*
$18,000
$53,000
$210,000
$265,000
$118,500
$6,000
$170,000
$120,000
$3,350
$6,650
$1,000
$2,550
$5,000
*
*
$130/mo
$250/mo
2016 2015
RETIREMENT LIMITS
FLEXIBLE BENEFIT RELATED LIMITS
TRANSPORTATION BENEFITS