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2016 CONTRIBUTION & BENEFIT LIMITS



The following chart details the compensation, contribution and benefit limits for 2016. All limits are applicable for the plan year commencing in the respective year, except as stated otherwise below.
LIMIT
2016
 2015
 2014
401(K) DEFERRAL CONTRIBUTIONS
$18,000 (Calendar Year Limit)
 $18,000 (Calendar Year Limit)
 $17,500 (Calendar Year Limit)
GOVERNMENTS AND TAX-EXEMPT PLANS DEFERRAL CONTRIBUTIONS
$18,000 (Calendar Year Limit)
 $18,000 (Calendar Year Limit)
$17,500 (Calendar Year Limit)
401(K)/403(B)/ GOVERNMENTAL 457(B) CATCH-UP CONTRIBUTIONS FOR PARTICIPANTS OVER AGE 50
$6,000 (Calendar Year Limit)
$6,000 (Calendar Year Limit)
$5,500 (Calendar Year Limit)
INCLUDIBLE COMPENSATION
 $265,000
 $265,000
 $260,000
ANNUAL DEFINED CONTRIBUTION PLAN LIMIT (415 LIMIT)
$53,000 (Effective for Limitation Years Ending in 2016)
$53,000 (Effective for Limitation Years Ending in 2015)
$52,000 (Effective for Limitation Years Ending in 2014)
DEFINED BENEFIT PLAN ANNUAL BENEFIT LIMITATION
 $210,000
 $210,000
$210,000
FICA WAGE BASE FOR INTEGRATED PLANS
 $118,500
 $118,500
$117,000
DEFINITION OF HIGHLY COMPENSATED EMPLOYEE
For Determining HCEs in 2016, Employees Who Earned More than $120,000 in 2015
For Determining HCEs in 2015, Employees Who Earned More than $115,000 in 2014
For Determining HCEs in 2014, Employees Who Earned More than $115,000 in 2013
DEFINITION OF KEY EMPLOYEE (OFFICER COMPENSATION)
$170,000
$170,000
$170,000