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Plan Limits

October 28, 2014 by  
Filed under Uncategorized

COMMON RETIREMENT PLAN DOLLAR LIMITATIONS

2023 2022 2021
401(k), 403(b), Profit Sharing Plans
Elective Deferral Limit 22,500 20,500 19,500
Catch-up Contributions 7,500 6,500 6,500
Compensation Limit 330,000 305,000 290,000
Annual Addition Limit 66,000 61,000 58,000
General
Taxable Wage Base 160,200 147,000 142,800
Highly Compensated Employee 150,000 135,000 130,000
Key Employee:
Officer 215,000 200,000 185,000
1% Owner 150,000 150,000 150,000

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