Retirement Plan Limits
Value |
2024 |
2023 |
2022 |
2021 |
2020 |
Calendar Year 401(k) Deferral Limit |
$23,000 |
$22,500 |
$20,500 |
$19,500 |
$19,500 |
Plan Year Total Contribution Limit per Participant |
$69,000 |
$66,000 |
$61,000 |
$58,000 |
$57,000 |
Annual Compensation Limit for Plan Purposes |
$345,000 |
$330,000 |
$305,000 |
$290,000 |
$285,000 |
Calendar Year Catch-Up Contribution Limit |
$7,500 |
$7,500 |
$6,500 |
$6,500 |
$6,500 |
Compensation Level for Highly Compensated Employees |
$155,000 in 2023 |
$150,000 in 2022 |
$135,000 in 2021 |
$130,000 in 2020 |
$130,000 in 2019 |
Compensation Level for Key Employees |
$220,000 |
$215,000 |
$200,000 |
$185,000 |
$185,000 |
Social Security Wage Base |
$168,600 |
$160,200 |
$147,000 |
$142,800 |
$137,700 |