Plan Limits

Limits On Compensation

Plan Limits

2022

2021

2020

2019

2018

401(k), 403(b), and 457, and Defined Benefit Plans

$305,000

$290,000

$285,000

$280,000

$275,000

Social Security Wage Base

$147,000

$142,800

$137,700

$132,900

$128,400

Limits on Benefits and Contributions

Plan Limits

2022

2021

2020

2019

2018

401(k), 403(b), and 457 Plan Elective Deferrals

$20,500

$19,500

$19,500

$19,000

$18,500

Defined Benefit Plans

$245,000

$230,000

$230,000

$225,000

$220,000

Defined Contribution Total Additions

$61,000

$58,000

$57,000

$56,000

$55,000

SIMPLE Plan Elective Deferrals

$14,000

$13,500

$13,500

$13,000

$12,500

IRA Contributions

$6,000

$6,000

$6,000

$6,000

$5,500

HCE “Highly Compensated Employee” Definition

$135,000

$130,000

$130,000

$125,000

$120,000

Applicable at age 50

Plan Limits

2022

2021

2020

2019

2018

401(k), 403(b), & 457 Plans

$6,500

$6,500

$6,000

$6,000

$6,000

SIMPLE Plans

$3,000

$3,000

$3,000

$3,000

$3,000

IRA

$1,000

$1,000

$1,000

$1,000

$1,000

“Key Employee” Definition

Plan Limits

2022

2021

2020

2019

2018

Officer

$200,000

$185,000

$180,000

$175,000

$170,000

1% Owner

$150,000

$150,000

$150,000

$150,000

$150,000

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The TriStar team is ready to help you begin your journey on the road to retirement. We will help you navigate the route for a smooth ride to and through retirement.

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