A Word to the Wise
The contribution limits for 401(k) deferrals will not change for 2016.
This is an excellent time to review your current deferral rate to see if it matches your future needs.
2016 Retirement Plan Limits
Elective Deferral Limit $18,000
Catch-Up Deferral Limit $6,000
Plan Contribution Limit $53,000
Compensation Limit $265,000