| Contribution and Benefit Limits |
|
|
|
|
|
| Elective Deferral Limit |
$23,500 |
$23,000 |
$22,500 |
$20,500 |
$19,500 |
$19,500 |
| Catch-Up Contributions |
$7,500 |
$7,500 |
$7,500 |
$6,500 |
$6,500 |
$6,500 |
| Annual Contribution Limit |
$70,000 |
$69,000 |
$66,000 |
$61,000 |
$58,000 |
$57,000 |
| Annual Contribution Limit including Catch-Up Contributions |
$77,500 |
$76,500 |
$73,500 |
$67,500 |
$64,500 |
$63,500 |
| Annual Benefit Limit |
$280,000 |
$275,000 |
265,000 |
$245,000 |
$230,000 |
$230,000 |
| Compensation Limits |
|
|
|
|
|
| Maximum Plan Compensation |
$350,000 |
$345,000 |
$330,000 |
$305,000 |
$290,000 |
$285,000 |
| Income Subject to Social Security |
$176,100 |
$168,600 |
$160,200 |
$147,000 |
$142,800 |
$137,700 |
| Key EE Compensation Threshold |
$230,000 |
$220,000 |
$215,000 |
$200,000 |
$185,000 |
$185,000 |
| Highly Compensated EE Threshold |
$160,000 |
$155,000 |
$150,000 |
$135,000 |
$130,000 |
$130,000 |
| IRA Limits |
|
|
|
|
|
| SIMPLE Plan Elective Deferrals |
$16,500 |
$16,000 |
$15,500 |
$14,000 |
$13,500 |
$13,500 |
| SIMPLE Catch-Up Contributions |
$3,500 |
$3,500 |
$3,500 |
$3,000 |
$3,000 |
$3,000 |
| Individual Retirement Account (IRA) |
$7,000 |
$7,000 |
$6,500 |
$6,000 |
$6,000 |
$6,000 |
| IRA Catch-Up Contribution |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
