Industry Insights

2022 Benefit and Contribution Limits

The 2022 and 2021 benefit and contribution limits are as follows:

(Increased limits from 2021 are shown below in bold)

Important Annual Limits

2022

2021

Maximum Employee Deferral Limit
(401(k), 403(b), & 457)
$20,500 $19,500
Employee Catch-Up Contribution
(401(k), 403(b) & 457 - if age 50 or older by year-end)
$6,500 $6,500
Defined Contribution Maximum Limit
(employee + employer contributions
$61,000 $58,000
Defined Contribution Maximum Limit
(employee + employer contributions, if age 50 or older by year-end)
$67,500 $64,500
Employee Compensation Limit $305,000 $290,000
Key Employees Compensation Threshold $200,000 $185,000
Highly Compensated Employees Threshold $135,000 $130,000
Social Security Taxable wage Base $147,000 $142,800
IRA Contribution Limit $6,000 $6,000
Defined Benefit Dollar Limit $245,000 $230,000