2016 IRS Limits for Employee Benefits and Other Tax Provisions

2016 IRS Limits for Employee Benefits and Other Tax Provisions
November 25, 2015

For reference, the members of Saul Ewing’s Tax and Employee Benefits and Executive Compensation Practices have prepared this chart for 2016,  based upon announcements by the IRS and other federal agencies.  The chart lists certain dollar limits, including the Social Security Wage Base, compensation and deferral limits for tax-qualified plans, limits applicable to certain health and welfare arrangements, as well as the 2016 PCORI and Transitional Reinsurance fees under the Affordable Care Act.  As shown by the chart, most limits relating to retirement plans for 2016 are the same as 2015.

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