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Plan Limits

October 28, 2014 by  
Filed under Uncategorized

COMMON RETIREMENT PLAN DOLLAR LIMITATIONS

  2024 2023 2022
       
401(k), 403(b), Profit Sharing Plans      
       
Elective Deferral Limit 23,000 22,500 20,500
Catch-up Contributions 7,500 7,500 6,500
Compensation Limit 345,000 330,000 305,000
Annual Addition Limit 69,000 66,000 61,000
       
General      
       
Taxable Wage Base 168,600 160,200 147,000
Highly Compensated Employee 155,000 150,000 135,000
Key Employee:      
Officer 220,000 215,000 200,000
1% Owner 150,000 150,000 150,000

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