10/25/2022
2023 Retirement Plan Limits
2020
2021
2022
2023
Salary deferral contribution limit (401(k) and 403(b))
$19,500
$19,500
$20,500
$22,500
Catch-up contribution limit (401(k) and 403(b))
$6,500
$6,500
$6,500
$7,500
Defined contribution plan total contribution limit
$57,000
$58,000
$61,000
$66,000
Retirement plan compensation limit
$285,000
$290,000
$305,000
$330,000
Highly compensated employee (HCE) compensation
$130,000
$130,000
$135,000
$150,000
IRA contribution limit
$6,000
$6,000
$6,000
$6,500
IRA catch-up contribution limit
$1,000
$1,000
$1,000
$1,000
SIMPLE IRA salary deferral contribution limit
$13,500
$13,500
$14,000
$15,500
SIMPLE IRA catch-up contribution limit
$3,000
$3,000
$3,000
$3,500
Social Security Taxable Wage Base
$137,700
$142,800
$147,000
$160,200
