Our Plan Sponsor Resource Center brings together – in one place – frequently used critical compliance and governance tools, checklists and other resources to help plan sponsors manage the complex administrative requirements and navigate the evolving regulatory and litigation environment relating to employee benefits.
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Compensation and Benefit Limits
Dollar limits for contributions and benefits in retirement plans and certain deferred compensation plans for 2022.
| 2023 | 2022 | 2021 | |
| 401(k)/403(b) Plan Deferral Limit | $22,500 | $20,500 | $19,500 |
| Catch-Up Contributions (401(k), 403(b) & Governmental 457(b) Plans) | $7,500 | $6,500 | $6,500 |
| Defined Contribution Dollar Limit | $66,000 | $61,000 | $58,000 |
| Defined Benefit Annual Limit | $265,000 | $245,000 | $230,000 |
| Pay Threshold for Determining Highly Compensated Employee | $150,000 (for determinations in 2024) | $135,000 (for determinations in 2023) | $130,000 (for determinations in 2022) |
| Annual Compensation Limit | $330,000 | $305,000 | $290,000 |
| 457(b) Plan Deferral Limit | $22,500 | $20,500 | $19,500 |
| Social Security Taxable Wage Base | $160,200 | $147,000 | $142,800 |