The IRS and Social Security Administration have announced cost-of-living increases for retirement plans and other employee benefit plans for 2022.
| |
2021 |
2022 |
| Compensation Limit |
$290,000 |
$305,000 |
| Highly Compensated Employee |
$130,000 |
$135,000 |
| 401(k), 403(b), 457(b) Deferral Limit |
$ 19,500 |
$ 20,500 |
| Age 50 Additional Catch-Up Limit |
$ 6,500 |
$ 6,500 |
| Defined Contribution Plan Limit |
$ 58,000 |
$ 61,000 |
| Defined Benefit Plan Limit |
$230,000 |
$245,000 |
| Social Security Wage Base |
$142,800 |
$147,000 |
| HSA Individual Contribution Limit |
$ 3,600 |
$ 3,650 |
| HSA Family Contribution Limit |
$ 7,200 |
$ 7,300 |
| Health FSA Limit |
$ 2,750 |
$ 2,850 |
See the IRS website for more details regarding cost-of-living increases.
