Annual Limits

Here’s a quick reference to many of the key compensation and contribution limits for qualified retirement plans.

	2023	2022	2021	2020	2019
401(K) and 403(b) Deferral Limit	22,500	20,500	19,500	19,500	19,000
457 Deferral Limit	22,500	20,500	19,500	19,500	19,000
401(k), 403(b), 457 Catch-up Contribution Limit	7,500	6,500	6,500	6,500	6,000
SIMPLE Deferral Limit	15,500	14,000	13,500	13,500	13,000
SIMPLE Catch-up Contribution Limit	3,500	3,000	3,000	3,000	3,000
Annual Compensation Limit	330,000	305,000	290,000	285,000	280,000
Defined Benefit 415 Limit	265,000	245,000	230,000	230,000	225,000
Defined Contribution 415 Limit	66,000	61,000	58,000	57,000	56,000
Dollar Limit for HCEs	150,000	135,000	130,000	130,000	125,000
Dollar Limit for Key Employee	215,000	200,000	185,000	185,000	180,000
Social Security Taxable Wage Base	160,200	147,000	142,800	137,700	132,900

401(K) and 403(b) Deferral Limit
2023	22,500
2022	20,500
2021	19,500
2020	19,500
2019	19,000

457 Deferral Limit
2023	22,500
2022	20,500
2021	19,500
2020	19,500
2019	19,000

401(k), 403(b), 457 Catch-up Contribution Limit
2023	7,500
2022	6,500
2021	6,500
2020	6,500
2019	6,000

SIMPLE Deferral Limit
2023	15,500
2022	14,000
2021	13,500
2020	13,500
2019	13,000

SIMPLE Catch-up Contribution Limit
2023	3,500
2022	3,000
2021	3,000
2020	3,000
2019	3,000

Annual Compensation Limit
2023	330,000
2022	305,000
2021	290,000
2020	285,000
2019	280,000

Defined Benefit 415 Limit
2023	265,000
2022	245,000
2021	230,000
2020	230,000
2019	225,000

Defined Contribution 415 Limit
2023	66,000
2022	61,000
2021	58,000
2020	57,000
2019	56,000

Dollar Limit for HCEs
2023	150,000
2022	135,000
2021	130,000
2020	130,000
2019	125,000

Dollar Limit for Key Employee
2023	215,000
2022	200,000
2021	185,000
2020	185,000
2019	180,000

Social Security Taxable Wage Base
2023	160,200
2022	147,000
2021	142,800
2020	137,700
2019	132,900