2022 Retirement Plan Limits

The Internal Revenue Service has announced inflation-adjusted retirement plan limits for 2022. These limits are commonly used in the administration of retirement plans.

Category 2021 2022
Elective Deferral Limit for 401(k) and 403(b) Plans $19,500 $20,500
Annual Additions Limit for Defined Contribution Plans $58,000 $61,000
Limit on Annual Benefits for Defined Benefit Plans $230,000 $245,000
Age 50 Catch-up Contribution Limit for 401(k) and 403(b) Plans $6,500 $6,500
Annual Compensation Limit $290,000 $305,000
Highly Compensated Employee Compensation Limit $130,000 $135,000
Key Employee Officer Compensation Limit $185,000 $200,000
SIMPLE Retirement Plan Contribution Limit $13,500 $14,000
Social Security Wage Base $142,800 $147,000
Medicare Wage Base No Limit No Limit