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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+