Retirement Plan Contributions
Elective Deferral Limits:
2022
- $20,500 to 401(k) plus $6,500 catch-up *
- $14,000 to SIMPLE plans plus $3,000 catch-up *
- $6,000 to Traditional or Roth IRAs plus $1,000 catch-up *
2021
- $19,500 to 401(k) plus $6,500 catch-up *
- $13,500 to SIMPLE plans plus $3,000 catch-up *
- $6,000 to Traditional or Roth IRAs plus $1,000 catch-up *
* Catch-up contributions can be made if you are age 50 or older by the end of the calendar year.