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ANNUAL COMPENSATION & CONTRIBUTION LIMITS

401(k) Plan Limits for Year

2022

2021

2020

2019

401(k) Elective Deferrals

$20,500

$19,500

$19,500

$19,000

Annual Defined Contribution Limit

$61,000

$58,000

$57,000

$56,000

Annual Compensation Limit

$305,000

$290,000

$285,000

$280,000

Catch-Up Contribution Limit

$6,500

$6,500

$6,500

$6,000

Highly Compensated Employees

$135,000

$130,000

$130,000

$125,000

Non-401(k) Related Limits

2022 2021 2020 2019

Defined Benefit 415 Limit

$245,000

$230,000

$230,000

$225,000

403(b)/457 Elective Deferrals

$20,500

$19,500

$19,500

$19,000

SIMPLE Employee Deferrals

$14,000

$13,500

$13,500

$13,000

SIMPLE Catch-Up Deferral

$3,000

$3,000

$3,000

$3,000

SEP Minimum Compensation

$650

$650

$600

$600

SEP Annual Compensation Limit

$305,000

$290,000

$285,000

$280,000

Social Security Wage Base

$147,000

$142,800

$137,700

$132,900