Annual Compensation and Contribution Limits 

 

    2024 2023 2022
401(k), 403(b), 457 Deferral Limit   23,000 22,500 20,500
401(k), 403(b), 457 Catch-up Deferral Limit (Age 50+)   7,500 7,500 6,500
Annual Compensation Limit   345,000 330,000 305,000
Defined Contribution 415 Limit   69,000 66,000 61,000
Defined Benefit 415 Limit   275,000 265,000 245,000
HCE Compensation (prior plan year)
  155,000 150,000 135,000
Key Employee Compensation - Officer
  220,000 215,000 200,000
Key Employee Compensation - 1% Owner
  150,000 150,000 150,000
Social Security Taxable Wage Base   168,600 160,200 147,000
SIMPLE Deferral Limit
  16,000 15,500 14,000
SIMPLE Catch-up Deferral Limit   3,500 3,500 3,000
IRA/CalSavers Deferral Limit
  6,500 6,500 6,000