ALERT: 2016 Cost-of-Living Adjustments

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October 28, 2015

The following are the 2012-2016 inflation-adjusted amounts, which may affect certain employee benefit plan benefits.

  2012 2013 2014 2015 2016
§ 401(k), 403(b) and 457(b) Plan Annual Deferral Limit $17,000 $17,500 $17,500 $18,000 $18,000
SIMPLE Plan Annual Deferral Limit 11,500 12,000 12,000 12,500  12,500
§ 401(k), 403(b) and 457(b) (Gov’t) Plan Annual Catch-Up Contribution Limit 5,500 5,500 5,500 6,000  6,000
SIMPLE Plan Annual Catch-Up Contribution Limit 2,500 2,500 2,500 3,000 3,000
Retirement Plan Annual Compensation Limit 250,000 255,000 260,000 265,000 265,000
§ 415(b) Defined Benefit Annual Pension Limit 200,000 205,000 210,000 210,000 210,000
§ 415(c) Defined Contribution Annual Addition Limit 50,000 51,000 52,000 53,000 53,000
Highly Compensated Employee-Compensation Threshold 115,000 115,000 115,000 120,000 120,000
Key Employee-Compensation Threshold for Officers 165,000  165,000 170,000 170,000 170,000
Social Security Taxable Wage Base 110,100 113,700 117,000 118,500 118,500
Limit on Outside Earnings to Avoid Social Security Offset 14,640 15,120 15,480 15,720 15,720
§132(f) Transportation Monthly Benefit Limits          
Parking 240 245 250 250 255 
Vanpooling/Transit Passes 240 245 250 130 130 

§223 High Deductible Health Plan Annual Limits

         
Minimum Deductible          
Single 1,200 1,250 1,250 1,300 1,300
Family 2,400 2,500 2,500 2,600 2,600
Out-Of-Pocket Maximum          
Single 6,050 6,250 6,350 6,450 6,550
Family 12,100 12,500 12,700 12,900 13,100
§223 Health Savings Accounts – Annual Contribution Limits          
Single Coverage 3,100 3,250 3,300 3,350 3,350
Family Coverage 6,250 6,450 6,550 6,650 6,750
Age 55 Catch-Up (not subject to indexing) 1,000 1,000 1,000 1,000 1,000

















































For more information, please contact Steve Brunn at (612) 977-8453 or sbrunn@briggs.com.