Annual Limits
Annual Compensation and Contribution Limits for Qualified Retirement Plans
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| 401(k) and 403(b) Deferral Limit | $23,000.00 | $22,500.00 | $20,500.00 | $19,500.00 |
| 457 Deferral Limit | $23,000.00 | $22,500.00 | $20,500.00 | $19,500.00 |
| 401(k), 403(b), 457 Catch-up Contribution Limit | $7,500.00 | $7,500.00 | $6,500.00 | $6,500.00 |
| SIMPLE Deferral Limit | $16,000.00 | $15,500.00 | $14,000.00 | $13,500.00 |
| SIMPLE Catch-up Contribution Limit | $3,500.00 | $3,500.00 | $3,000.00 | $3,000.00 |
| Annual Compensation Limit | $345,000.00 | $330,000.00 | $305,000.00 | $290,000.00 |
| Defined Benefit 415 Limit | $275,000.00 | $265,000.00 | $245,000.00 | $230,000.00 |
| Defined Contribution 415 Limit | $69,000.00 | $66,000.00 | $61,000.00 | $58,000.00 |
| Dollar Limit for HCEs | $155,000.00 | $150,000.00 | $135,000.00 | $130,000.00 |
| Dollar Limit for Key Employee | $220,000.00 | $215,000.00 | $200,000.00 | $185,000.00 |
| Social Security Taxable Wage Base | $168,600.00 | $160,200.00 | $147,000.00 | $142,800.00 |