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