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IRS ANNOUNCES RETIREMENT PLAN LIMITS FOR 2022
2021 2022
Taxable Wage Base 142,800 147,000
Includable Compensation Limit 290,000 305,000
401(k)/403(b) Deferral
Limit (Under Age 50) 19,500 20,500
401(k)/403(b)
Catch-Up Limit (Age 50+) 6,500 6,500
Defined Contribution 415 Limit 58,000* 61,000**
Defined Benefit 415 Limit 230,000 245,000
SIMPLE Deferral Limit 13,500 14,000
SIMPLE 401(k) Catch-Up Limit 3,000 3,000
IRA Contribution Limit 6,000 6,000
IRA Catch-Up Limit 1,000 1,000
Highly Compensated Employee 130,000 135,000
SEP Compensation Floor 650 650
* $64,500 with 401(k) if age 50+
** $67,500 with 401(k) if age 50+