Contribution Limits 2021-2022

Calendar Year

2021

2022

Employee Salary Deferral Limit to 401(k) Plans
Employee Catch-up Elective Contributions

$19,000
$6,500

$20,500
$6,500

Employee Salary Deferral Limit to 403(b) Plans
Employee Catch-up Elective Contributions

$19,000
$6,500

$20,500
$6,500

Employee Salary Deferral Limit to SIMPLE 401(k) Plans
Employee Catch-up Elective Contributions

$13,500
$3,000

$14,000
$3,000

Defined Contribution Maximum Annual Addition (IRC § 415 (c))

$58,000

$61,000

Definition of Highly Compensated Employees:
Employee Compensation Exceeding (Prior Year) An employee owning more than (current and prior year)	$130,000 5%	$135,000 5%

Definition of Key Employees:
Officers Earning in Excess of A more than 1% Owner Earning in Excess of An employee owning more than	$185,000 $150,000 5%	$200,000 $150,000 5%

FICA Taxable Wage Base

$142,800

$147,000

Maximum Compensation Limit

$290,000

$305,000

Employer’s Deductible Contributions

25%