Search

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!


Plan_Sponsor_Guide-2023_Contribution_Limits
.pdf
Download PDF • 236KB