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ARTICLE · 13 JANUARY 2016

Updated 2016 Employee Benefit Plan And Transportation Limits

The below presents the Internal Revenue Service (IRS) announced 2016 cost-of-living adjustments for retirement and health & welfare plans, and transportation programs.

United StatesEmployment and HR

The below presents the Internal Revenue Service (IRS) announced 2016 cost-of-living adjustments for retirement and health & welfare plans, and transportation programs.  This table has been updated to reflect the recently revised Qualified Transportation Fringe Benefit limits for 2015 and 2016. 

The Protecting Americans from Tax Hikes (PATH) Act of 2015 was signed into law on December 18, 2015, which provided for parity between qualified parking and transit benefits.  Monthly qualified bicycle benefits have also been included on the below as part of the PATH Act.  No other changes have been made to the below limits.

Retirement Plan Limits

Notable 2016 annual retirement plan limitations as compared to 2015 are as follows:

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