IRS has announced the retirement plan and employee benefits limits for 2016. Most of the limits are unchanged. The exception is the HSA Maximum Contribution for Family increased $100 to $6,750. Here is a chart showing the limits for 2014 through 2016:
| Type of Limitation | 2016 | 2015 | 2014 |
| 415 Defined Benefit Plans | $210,000 | $210,000 | $210,000 |
| 415 Defined Contribution Plans | $53,000 | $53,000 | $52,000 |
| 401(k) Elective Deferrals, 457(b) and 457(c)(1) | $18,000 | $18,000 | $17,500 |
| 401(k) Catch-Up Deferrals | $6,000 | $6,000 | $5,500 |
| SIMPLE Employee Deferrals | $12,500 | $12,500 | $12,000 |
| SIMPLE Catch-Up Deferrals | $3,000 | $3,000 | $2,500 |
| Annual Compensation Limit | $265,000 | $265,000 | $260,000 |
| SEP Minimum Compensation | $600 | $600 | $550 |
| SEP Annual Compensation Limit | $265,000 | $265,000 | $260,000 |
| Highly Compensated | $120,000 | $120,000 | $115,000 |
| Key Employee (Officer) | $170,000 | $170,000 | $170,000 |
| Income Subject To Social Security Tax (FICA) | $118,500 | $118,500 | $117,000 |
| Social Security (FICA) Tax For ER & EE (each pays) | 6.20% | 6.20% | 6.20% |
| Social Security (Med. HI) Tax For ERs & EEs (each pays) | 1.45% | 1.45% | 1.45% |
| SECA (FICA Portion) for Self-Employed | 12.40% | 12.40% | 12.40% |
| SECA (Med. HI Portion) For Self-Employed | 2.9% | 2.90% | 2.90% |
| IRA Contribution | $5,500 | $5,500 | $5,500 |
| IRA catch-up Contribution | $1,000 | $1,000 | $1,000 |
| HSA Max Single/Family | $3,350/6,750 | $3,350/6,650 | $3,300/6,550 |
| HSA Catchup | $1,000 | $1,000 | $1,000 |
| HSA Min. Annual Deductible Single/Family | $1,300/2,600 | $1,300/2,600 | $1,250/2,500 |
