The IRS has announced 2022 retirement plan contribution and benefit limits.
Tag: retirement plan contribution and benefit limits
The IRS addresses how to apply the annual additions limitation in an updated Issue Snapshot.
An individual with self-only coverage under a high-deductible health plan can contribute up to $3,650, $50 more than in 2021.
The limit on contributions by employees who participate in 401(k)s, 403(b)s and most 457 plans remains unchanged at $19,500.
The limit on deferrals to 401(k), 403(b) and most 457 plans has been increased by $500.
Maximum Benefit/Contribution Limit for 2009 through 2019.
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000.
Different limits and rules for retirement plans qualified in Puerto Rico may cause some operational issues for plan sponsors.