2022 Contribution Limits

The new Retirement Plan Contribution Limits are official!

The following limits are going up for 2022:

  • Maximum contributions for 401(k), 403(b) and 547 increases to $20,500
  • The annual additions limit for defined contribution plans increases to $61,000
  • The annual compensation limit increases to $305,000
  • The Social Security Wage Base increases to $147,000

Review the full list of contribution limit changes below and share with your plan participants!

2022 Contribution Limits