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!



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