Caps and Maximum Contribution Numbers

Plan Type 2022 2021 2020 2019 2018
401(k), 403(b), and SARSEP maximum deferral [402(g)] $20,500 $19,500 $19,500 $19,000 $18,500
457 maximum deferral 20,500 19,500 19,500 19,000 18,500
Catch-up for 401(k), 403(b), SARSEP, and 457 6,500 6,500 6,500 6,000 6,000
SIMPLE election maximum deferral 14,000 13,500 13,500 13,000 12,500
Catch-up for SIMPLE 3,000 3,000 3,000 3,000 3,000
Defined benefit – annual benefit 245,000 230,000 230,000 225,000 220,000
Defined contribution – annual contributions 61,000 58,000 57,000 56,000 55,000
IRA limit 6,000 6,000 6,000 6,000 5,500
IRA catch-up 1,000 1,000 1,000 1,000 1,000
Maximum compensation 305,000 290,000 285,000 280,000 275,000
SEP annual compensation floor 650 650 600 600 600
Highly-compensated employees – any employee compensation 135,000 130,000 130,000 125,000 120,000
Officer compensation 200,000 185,000 185,000 180,000 175,000
1% owner 150,000 150,000 150,000 150,000 150,000
Taxable wage base 147,000 142,800 137,700 132,900 128,400