Retirement Plan Contribution Limits

The new Retirement Plan Contribution Limits are official!


The following limits are going up for 2022:

  • Maximum contributions for 401(k), 403(b) and 457 increases to $20,500

  • The annual additions limit for defined contribution plans increases to $61,000

  • The annual compensation limit increases to $305,000

  • The Social Security Wage Base increases to $147,000

The following limits will remain the same for 2022:

  •  The catch- up contribution limits for 401(k) plans remains at $6,500

  • The IRA contribution limits remains at $6,000

  • The IRA catch-up remains at $1,000

Review the full list of contribution limit changes here:  Retirement Plan Contribution Limits


Jonathan Leidy