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2022 Contribution Limits

The new Retirement Plan Contribution Limits are official!

The following limits are going up for 2022:

· Maximum contributions for 401(k), 403(b) and 457 increases to $20,500

· The annual additions limit for defined contribution plans increases to $61,000

· The annual compensation limit increases to $305,000

· The Social Security Wage Base increases to $147,000

Review the full list of contribution limit changes below and share with your plan participants!


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