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2022 Retirement Plan Limits
As expected, many of the key plan limits increased for the 2022 plan year, including the elective deferral limit, the DC Plan combined limit, and the annual compensation limit. Below are the limits for 2020-2022 with changes highlighted – click here for a downloadable version. See IRS notice IR-2021-61 for a complete list of all plan limitation amounts.
| 2020 | 2021 | 2022 | |
| Elective Deferrals - 401(k), 403(b), and Most 457 Plans | $19,500 | $19,500 | $20,500 |
| Catch-up Contribution | $6,500 | $6,500 | $6,500 |
| DC Plan Combined Annual Contribution Limit | $57,000 | $58,000 | $61,000 |
| Annual Compensation Limit | $285,000 | $290,000 | $305,000 |
| Highly Compensated Employee Threshold | $130,000 | $130,000 | $135,000 |
| Top Heavy Key Employee Dollar Limit | $185,000 | $185,000 | $200,000 |
| SIMPLE Plan Contribution Limit | $13,500 | $13,500 | $14,000 |
| SIMPLE Plan Catch-up | $3,000 | $3,000 | $3,000 |
| Defined Benefit Annual Benefit Limit | $230,000 | $230,000 | $245,000 |
| ESOP Maximum Balance Subject to Five-Year Distribution Rule | $1,150,000 | $1,165,000 | $1,230,000 |
| ESOP Amount to Determine Lengthening Five-Year Distribution Period | $230,000 | $230,000 | $245,000 |
| IRA Contribution Limit | $6,000 | $6,000 | $6,000 |
| IRA Catch-Up | $1,000 | $1,000 | $1,000 |
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