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2022 retirement plan limitations summary

November 11, 2021 Article 1 min read
Authors:
Laura Taylor Theresa McDowell Michael Krucker

Want to view the 2022 limits for qualified retirement plan benefits and contributions at a glance? Here’s our two-minute overview.

Business professional working at a desk using a laptop computer.The IRS recently released the 2022 cost-of-living adjustments (COLAs) for pension and 401(k) plan limitations.

Here are the highlights:

  • The IRC Section 415(c) contribution limit applicable to defined contribution retirement plans increased from $58,000 to $61,000 for 2022.
  • The IRC Section 401(a)(17) annual compensation limit applicable to retirement plans increased from $290,000 to $305,000 for 2022.
  • The elective deferral limit under IRC Section 402(g) increased from $19,500 to $20,500 for 2022.
  • The catch-up contribution limit under IRC Section 414(v) for individuals age 50 or over remains the same at $6,500 for 2022.

View our summary of the indexed amounts and other commonly used limits for 2019 to 2022.

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