It seems like an administrator privileges issue. Uninstalling and reinstalling didn't solve it, however when I ran LabVIEW 2016 as an admin, the status changed to Expired. I can almost bet that if I were to start over fresh and run LabVIEW as an admin before installing the first time, it would work fine.
Typically this is handled by VIPM calling "RegisterAddon.exe" during the install process which automatically grants Admin rights, but that didn't seem to happen during installation in this case. I wonder if it's because you're using VIPCs instead of just VIP for your installer. If I were you I'd check with the LabVIEW Tools Network team or JKI Support for more help.
I'll let Shaun fill you in on how much he loves these little TPLAT quirks :-)