MGO Pages

    Contact Us


    Qualified Plan Limits

    401(k) Elective Deferrals (2016 Calendar Year) $18,000
    Catch-Up Contribution Limit $6,000
    Defined Contribution Plan Annual Contribution

    (for plan years ending in 2016)

    Annual Compensation Limit $265,000
    Defined Benefit Plan Annual Benefit Limit $210,000
    Taxable Wage Base $118,500

    Highly Compensated Employees

    Compensation of:

    Any employee with more than 5% ownership or lineal ascendant or descendant of 5% owner (current or preceding year) $120,000
    (preceding year)


    Key Employees

    Compensation of:

    Any officer $170,000
    5% Owner No minimum amount


    Compensation of:

    457(e)(15) Elective Deferrals $18,000

    SIMPLE Plans

    Annual Deferral $12,500
    SIMPLE Catch-Up $3,000


    Minimum Compensation


    Annual Compensation $265,000