Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|What's the Impact of the 2016 IRS Retirement Plan Limits?|
Van Iwaarden Associates
Nov. 2, 2015
"A flat qualified compensation limit could have several consequences. These include:  More compensation counted towards SERP excess benefits ...  Lower-than-expected qualified pension plan accruals for participants whose pay is capped ...  [E]mployers may find that more of their employees become classified as HCEs....  Plans may see marginally worse nondiscrimination testing results (including ADP results) if more employees with large deferrals or benefits become HCEs. It could make a big difference for plans that were previously close to failing the tests."
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