The IRS has released Retirement Plan Limits for the 2016 plan year. There were no cost of living adjustments made, so the limits will remain the same as they were during 2015. Below is a summary of the retirement limits for your reference throughout the coming year.
On December 18th, 2015 Congress passed a $1.1 trillion spending bill to fund government operations and avoid shutdown. Included in the bill is a two-year delay to the "Cadillac Tax" provision of the Patient Protection and Affordable Care Act.
