| Contribution Limits |
2022 |
2023 |
| 401(k) / 403(b) / 457(b) elective deferrals |
$20,500 |
$22,500 |
| Catch-up contributions |
$6,500 |
$7,500 |
| DC Plan combined annual contribution limit |
$61,000 |
$66,000 |
| Annual compensation limit |
$305,000 |
$330,000 |
| Highly compensated employee threshold |
$135,000 |
$150,000 |
| Top heavy key employee dollar limit |
$200,000 |
$215,000 |
| Social Security taxable wage base |
$147,000 |
$160,200 |
| SIMPLE Plan contribution limit |
$14,000 |
$15,500 |
| SIMPLE Plan catch-up |
$3,000 |
$3,500 |
| Defined Benefit Annual Benefit Limit |
$245,000 |
$265,000 |
| ESOP Maximum Balance Subject to Five-Year Distribution Rule |
$1,230,000 |
$1,330,000 |
| ESOP Amount to Determine Lengthening Five-Year Distribution Period |
$245,000 |
$265,000 |
| IRA contribution limit |
$6,000 |
$6,500 |
| IRA catch-up |
$1,000 |
$1,000 |
