News & Updates

 

Maximum Retirement Plan Limits

Year

Wage Limit

Social

Security

Wage Base

401(k) Deferral Limit

401(k) Catch-Up Limit

Defined Contribution Plans - Contribution

Limit

Defined Benefit Plans - Benefit

Limit

Highly Compensated Employee

Key Employee Officer

2023 330,000 160,200 22,500 7,500 66,000 265,000 150,000 215,000
2022 305,000 147,000 20,500 6,500 61,000 245,000 135,000 200,000
2021 290,000 142,800 19,500 6,500 58,000 230,000 130,000 185,000
2020 285,000 137,700 19,500 6,500 57,000 230,000 130,000 185,000
2019 280,000 132,900 19,000 6,000 56,000 225,000 125,000 180,000
2018 275,000 128,400 18,500 6,000 55,000 220,000 120,000 175,000
2017 270,000 127,200 18,000 6,000 54,000 215,000 120,000 175,000
2016 265,000 118,500 18,000 6,000 53,000 210,000 120,000 170,000
2015 265,000 118,500 18,000 6,000 53,000 210,000 120,000 170,000
2014 260,000 117,000 17,500 5,500 52,000 210,000 115,000 170,000

 

"Creative Benefit Strategies has flawlessly attended to the numerous requirements for our plan."

- Mark Nearing, DDS