Annual Limits

Annual Compensation and Contribution Limits for Qualified Retirement Plans

The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Code (IRC) requires the limits to be adjusted annually for cost-of-living increases. BCG is pleased to present this table for your convenience.

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

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