Annual Compensation and Contribution Limits 

 

  2023 2022 2021
401(k), 403(b), 457 Deferral Limit 22,500 20,500 19,500
401(k), 403(b), 457 Catch-up Contribution Limit 7,500 6,500 6,500
Annual Compensation Limit 330,000 305,000 290,000
Defined Contribution 415 Limit 66,000
61,000 58,000
Defined Benefit 415 Limit 265,000 305,000 290,000
HCE Compensation (prior plan year)
150,000 135,000 130,000
Key Employee Compensation - Officer
215,000 200,000 185,000
Key Employee Compensation - 1% Owner
150,000
150,000 150,000
Social Security Taxable Wage Base 160,200 147,000 142,800
SIMPLE Deferral Limit
15,500
14,000 13,500
SIMPLE Catch-up Contribution Limit 3,500
3,000 3,000
IRA/CalSavers Deferral Limit
6,500
6,000 6,000