| 401(k) LIMITS | 2023 | 2022 | 2021 |
|---|---|---|---|
| 401(k) Elective Deferral Limit | $ 22,500 | $ 20,500 | $ 19,500 |
| Catch-up Contribution Limit | $ 7,500 | $ 6,500 | $ 6,500 |
| Annual Combined Contribution Limit | $ 66,000 | $ 61,000 | $ 58,000 |
| Annual Compensation Limit | $ 330,000 | $ 305,000 | $ 290,000 |
| Highly Compensated Employees | $ 150,000 | $ 135,000 | $ 130,000 |
| Non 401(k) Related Limits | 2023 | 2022 | 2021 |
|---|---|---|---|
| 403(b)/457 Elective Deferral | $ 22,500 | $ 20,500 | $ 19,500 |
| SIMPLE Employee Deferrals | $ 15,500 | $ 14,000 | $ 13,500 |
| SIMPLE Catch-up Deferral | $ 3,500 | $ 3,000 | $ 3,000 |
| SEP Minimum Compensation | $ 750 | $ 600 | $ 600 |
| SEP Annual Compensation Limit | $ 330,000 | $ 305,000 | $ 290,000 |
| Social Security Wage Base | $ 160,200 | $ 147,000 | $ 142,800 |
