Annual Limits

Annual Compensation and Contribution Limits for Qualified Retirement Plans

2023 2022 2021 2020
401(k) and 403(b) Deferral Limit $22,500.00 $20,500.00 $19,500.00 $19,500.00
457 Deferral Limit $22,500.00 $20,500.00 $19,500.00 $19,500.00
401(k), 403(b), 457 Catch-up Contribution Limit $7,500.00 $6,500.00 $6,500.00 $6,500.00
SIMPLE Deferral Limit $15,500.00 $14,000.00 $13,500.00 $13,500.00
SIMPLE Catch-up Contribution Limit $3,500.00 $3,000.00 $3,000.00 $3,000.00
Annual Compensation Limit $330,000.00 $305,000.00 $290,000.00 $285,000.00
Defined Benefit 415 Limit $265,000.00 $245,000.00 $230,000.00 $230,000.00
Defined Contribution 415 Limit $66,000.00 $61,000.00 $58,000.00 $57,000.00
Dollar Limit for HCEs $150,000.00 $135,000.00 $130,000.00 $130,000.00
Dollar Limit for Key Employee $215,000.00 $200,000.00 $185,000.00 $185,000.00
Social Security Taxable Wage Base $160,200.00 $147,000.00 $142,800.00 $137,700.00