Contribution Limits

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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