Most DC Plan Participants Can Defer Up to $20,500 to Plans in 2022
The IRS has announced 2022 retirement plan contribution and benefit limits.
The IRS has announced 2022 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.