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Qualified Retirement Plan Contribution Limits
Limit
Elective Deferrals
IRC §§401(a)(30) and 402(g)
Catch-Up Contributions [Age 50+]
IRC §414(v)
Annual Additions
IRC §415(c)(1)(A)
Defined Benefit – Annual Benefit Limit
IRC §415(b)(1)(A)
Maximum Compensation
IRC §401(a)(17)
Highly Compensated Employee
IRC §414(q)(1)(B)
Key Employee - Officer
IRC §416(i)(1)(A)(i)
Key Employee - >1% Owner
IRC §416(i)(1)
Social Security Wage Base
Medicare Wage Base
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2023
$22,500
$7,500
$66,000
$265,000
$330,000
$150,000
$215,000
$150,000
$160,200
No Limit
2022
$20,500
$6,500
$61,000
$245,000
$305,000
$135,000
$200,000
$150,000
$147,800
No Limit
2021
$19,500
$6,500
$58,000
$230,000
$290,000
$130,000
$185,000
$150,000
$142,800
No Limit
Source: Internal Revenue Service – IR 2022-55 dated October 21, 2022
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