Key IRS Limits for Retirement Plans

All Retirement Plans

  2023 2022
Highly-Compensated Employee (HCE) Threshold $150,000 $135,000
Key Employee Officer Threshold $215,000 $200,000
Annual Compensation Limit, General Employees $330,000 $305,000
Annual Addition Limit, Defined Contribution Plan $66,000 $61,000
Annual Benefit Limit, Defined Benefit Plan $265,000 $245,000

401(k), 403(b) AND 457(b) PLANS

  2023 2022
Elective Deferrals Contribution Limit $22,500 $20,500
Catch-Up Contribution Limit (Age 50+) $7,500 $6,500

IRAs

  2023 2022
Annual Contribution Limit $6,500 $6,000
Catch-Up Contribution Limit $1,000 $1,000