IRS Announces 2016 Retirement Plan Limits
On October 21st, 2015 the Internal Revenue Service (IRS) announced the pension plan limits for 2016. Limits remained largely unchanged due to the fact that the change in the cost of living index the IRS uses to make the limit determination did not meet the requirements for an increase. Below is a breakdown of the most common limitations. For a more comprehensive look at all limits, please click here.