October 24th 2022

2023 Contribution Limits

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!

2023 Contribution Limits

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