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retirement plan limits

At Premier Plan Consultants, we strive to keep you informed on retirement plan topics and changes. Below is a snapshot of this year's retirement plan funding limits and information on next year's maximum funding levels. For more information and/or questions about how you and your business can utilize this information to align with your retirement plan goals, please give us a call today.

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Annual Compensation 

​

Taxable Wage Base

​

Highly Compensated

​

Defined Contribution

​

Contribution Limit

​

Catch-up Contribution 

​

Defined Benefit

​

SIMPLE 401(k) Limit

​

SIMPLE 401(k) Catch-up

​

IRA

​

IRA Catch-up

 2021

 

$290,000

​

$142,800

​

$130,000

​

$58,000

​

$19,500

​

$6,500

​

$230,000

​

$13,500

​

$3,000

​

$6,000

​

$1,000

2022

 

$305,000

​

$147,000

​

$135,000

​

$61,000

​

$20,500

​

$6,500

​

$245,000

​

$14,000

​

$3,000

​

$6,000

​

$1,000

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