Client login
- Blog
- Contact Client login
650 NE Holladay Street,
The Liberty Centre, Suite 1500
Portland, OR 97232
Fiduciary updates
| Financial planning
401(k) Contribution Limits Don’t Go Up for 2016
CONTRIBUTORS:
Jillian Perkins
10/27/2015
The IRS has announced the contribution limits for 2016. While the cost-of-living index the IRS uses rose slightly, it didn’t increase enough to trigger an adjustment in contribution limits, so most defined contribution plans and IRAs will continue to have the same limits on how much participants can contribute in 2016. The contribution limits for 2016 are as follows:
| 2015 Limits | 2016 Limits | |
| 401(k), 403(b), and 457 plans | $18,000 | $18,000 |
| Age 50+ catch-up contribution | $6,000 | $6,000 |
| Traditional and Roth IRAs | $5,500 | $5,500 |
| Age 50+ catch-up contribution | $1,000 | $1,000 |