Advisors: Download and save our handy 2022 Plan Limits Guide here. Simply open the PDF, customize with your contact information, save, and send to your clients!
2022 Annual Plan Limits |
2022 |
2021 |
2020 |
| Contribution and Benefit Limits | |||
|---|---|---|---|
| Defined Contribution Plans | $61,000 | $58,000 | $57,000 |
| Defined Benefit/Cash Balance Plan - Annuity Limit | $245,000 | $230,000 | $230,000 |
| Cash Balance Maximum Lump Sum | $3,150,000 | $3,000,000 | $3,000,000 |
| 401(k), 403(b) and 457 Plan Elective Deferrals | $20,500 | $19,500 | $19,500 |
| SIMPLE Plan Elective Deferrals | $14,000 | $13,500 | $13,500 |
| IRA (Traditional and Roth) | $6,000 | $6,000 | $6,000 |
| Catch-Up Contributions | |||
| 401(k), 403(b) and 457 Plans | $6,500 | $6,500 | $6,500 |
| SIMPLE Plans | $3,000 | $3,000 | $3,000 |
| IRA | $1,000 | $1,000 | $1,000 |
| Other | |||
| Maximum Considered Compensation | $305,000 | $290,000 | $285,000 |
| Social Security Taxable Wage Base | $147,000 | $142,800 | $137,700 |
| Definition of Highly Compensated Employee | $135,000 | $130,000 | $130,000 |
| Definition of Key Employee | $200,000 | $185,000 | $185,000 |
| Defined Benefit Plan Single Employer Flat PBGC Rate Premium | $88 | $86 | $83 |
| Defined Benefit Plan Single Employer Variable Rate Premiums/$1,000 UVB | $48 | $46 | $45 |
