Indexed Figures for 2016
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2016 INDEXED 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
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Transcript of Indexed Figures for 2016
2016INDEXED FIGURES FORQUALIFIED PLANS
STATE DISABILITY MAXIMUM WEEKLY BENEFIT AMOUNTS
Please contact Benefit Express with any questions - 1.847.637.1550
WHAT QUALIFIES SOMEONEAS 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 LimitSocial Security Wage Base (FICA Taxable Wage Base)Catch-up Contribution Limit for 401(k) Plans
Sec. 613 EGTRRA – Key Employee in Top-Heavy PlanHighly 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 AccountDependent Care Flexible Spending Account
TransitParking
* Amount for 2016 has not yet been announced
CaliforniaHawaiiNew JerseyNew YorkRhode IslandPuerto 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.
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$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
