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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2022

$20,500
 
$6,500

$61,000

$245,000

$305,000

$135,000

$200,000

$150,000

$147,000
No Limit

2021

$19,500
 
$6,500

$58,000

$230,000

$290,000

$130,000

$185,000

$150,000

$142,800
No Limit

2020

$19,500
 
$6,500

$57,000

$230,000

$285,000

$130,000

$185,000

$150,000

$137,700
No Limit

Source: Internal Revenue Service – IR 2021-61 dated November 4, 2021