401(k) Elective Deferral Limit for 2022                $20,500


Catch-Up Contribution Limit for 401(k) Plans        $6,500

SIMPLE Plan Elective Deferral Limit                    $13,500

Catch-Up Contribution Limit

for SIMPLE Plans                                                  $3,000

Overall Defined Contribution Plan Limit               $61,000
(excluding 'Catch-Up' contributions)                                    

  
"Highly Compensated Employee"

Income Threshold                                               $135,000

                                               

Annual 'Covered Compensation' Limit                $305,000


2022 FICA Taxable Wage Base                            $147,000

2022 Retirement Plan Limits

American Pension Services, LLC

American Pension Services, LLC
2454 N. McMullen Booth Road, Suite 431
Clearwater, Florida 33759
813.281.0707