Articles

IRS Pension Plan Limits Remain Unchanged for 2016

Oct 3, 2015

As part of our continuous monitoring of legislative developments, we have prepared the following bulletin and summary for clients and strategic alliance partners.

Each year, the Internal Revenue Service publishes updated dollar limitations for tax-qualified defined benefit and defined contribution plans. The limits are important for tax-qualified plans, as well as many non-qualified plans. 

The IRS announced yesterday that there will be no cost of living adjustments to the qualified plan limitations described below for 2016.  

2016 Qualified Plan Limits

You may view the complete list of updated limits here. Should you have any questions, please contact your Newport representative.

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Fiduciary consulting services are provided through Newport Group Securities, Inc., an SEC-registered investment adviser and FINRA-registered broker-dealer, and InterServ, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and InterServ, LLC are affiliates of Newport Group, Inc. All securities transactions are provided through Newport Group Securities, Inc., in its role as broker-dealer. All fiduciary consulting services are provided through the registered investment adviser. when offering variable insurance products, Newport Group Securities, Inc. acts solely in its capacity as a broker-dealer.
Trust and custody services provided by Newport Trust Company, a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc.