Contribution Limits
Year | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
401(k) | 23,000 | 22,500 | 20,500 | 19,500 | 19,500 |
Catch Up Contribution Limit | 7,500 | 7,500 | 6,500 | 6,500 | 6,500 |
Defined Contribution Limit | 69,000 | 66,000 | 61,000 | 58,000 | 57,000 |
Defined Benefit Limit | 275,000 | 265,000 | 245,000 | 230,000 | 230,000 |
Compensation Limit | 345,000 | 330,000 | 305,000 | 290,000 | 285,000 |
Highly Compensated | 155,000 | 150,000 | 135,000 | 130,000 | 130,000 |
FICA | 168,600 | 160,200 | 147,000 | 142,800 | 137,700 |