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!
Plan_Sponsor_Guide-2023_Contribution_Limits
.pdf
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