Annual Plan Contribution Limits

For Employer-Sponsored Plans

Annual retirement contribution limits

Contribution Limits 2021 2022
401(k) / 403(b) / 457(b) elective deferrals $19,500 $20,500
Catch-up contributions $6,500 $6,500
DC Plan combined annual contribution limit $58,000 $61,000
Annual compensation limit $290,000 $305,000
Highly compensated employee threshold $130,000 $135,000
Top heavy key employee dollar limit $185,000 $200,000
Social Security taxable wage base $142,800 $147,000
SIMPLE Plan contribution limit $13,500 $14,000
SIMPLE Plan catch-up $3,000 $3,000
Defined Benefit Annual Benefit Limit $230,000 $245,000
ESOP Maximum Balance Subject to Five-Year Distribution Rule $1,165,000 $1,230,000
ESOP Amount to Determine Lengthening Five-Year Distribution Period  $230,000 $245,000
IRA contribution limit $6,000 $6,000
IRA catch-up $1,000 $1,000
Contribution Limits

Investment products: Not FDIC Insured — No Bank Guarantee — May Lose Value.