2022 Retirement Plan Limits

Plan limits effective Jan. 1, 2022 - Dec. 31, 2022
Retirement Plan  2022 Plan limit
Annual 401(k), 403(b), and 457(b) $20,500
Annual Catch-up limit for age 50 and above $6,500
Annual section 415 limit $61,000
Annual Compensation limit $305,000

 

2021 Retirement Plan Limits

Plan limits effective Jan. 1, 2020 - Dec. 31, 2021
Retirement Plan  2021 Plan limit
Annual 401(k), 403(b), and 457(b) $19,500
Annual Catch-up limit for age 50 and above $6,500
Annual section 415 limit $58,000
Annual Compensation limit $290,000