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The new Retirement Plan Contribution Limits are official!

The following limits are going up for 2023:

· Maximum contributions for 401(k), 403(b) and 457 increases to $22,500

· The annual additions limit for defined contribution plans increases to $66,000

· The annual compensation limit increases to $330,000

· The Social Security Wage Base increases to $160,200

Review the full list of contribution limit changes below and share with your plan participants!

Download PDF • 236KB


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