2022 Retirement Plan Limits

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The Internal Revenue Service has announced the 2022 dollar limitations for qualified retirement plans and other benefits.  Most of the limits will increase from 2021  and some remain unchanged. Knowing the limits available and how much you are able to contribute are an important part of your strategy for investing for retirement.

Maximizing your savings in these areas now will help you create the funds you’ll need to have better options for your retirement goals from lifestyle cost, healthcare charges, and even legacy gifting.

Retirement Plan Limits

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Elective Deferral Limit



$20,500 in 2022 which is a $1,000 limit increase from 2021.
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Catch-Up Contribution

(plans other than SIMPLE plans)


$6,500 in 2022 which is the same limit as 2021.

SIMPLE Plan Employee Deferrals


$14,000 in 2022 is an increase from $13,500 2021.
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SIMPLE Plan Catch-Up Contributions


The $3,000 limit in 2022 is unchanged from the limit in 2021.

Plan Maximum Annual Contribution

Defined Contribution Plans (Section 415(c))


$61,000 in 2022 which is an increase from a $58,000 limit in 2021.

Annual Contribution Limit including Catch-Up Contributions


In 2022, the limit is $67,500 which is an increase from the $64,500 limit in 2021.
PPP1 Fund Use

Maximum Annual Benefit

Defined Benefit Plans


$245,000 in 2022 is an increase from $230,000 2021.
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Individual Retirement Account (IRA)


The 2022 limit is $6,000 and the catch-up limit is $1,000. These numbers remain unchanged from 2021.

Contribution Limits

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Maximum Plan Compensation


$305,000 is the limit in 2022 which is an increase from the $290,000 limit in 2021.
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Income Subject to Social Security


In 2022, the limit is $147,000 which is an increase from $142,800 in 2021.
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Key Employee Compensation Threshold


$200,000 in 2022 is an increase from $185,000 2021.
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Highly Compensated EE Threshold


The $135,000 limit in 2022 is an increase of $5,000 from the $130,000 limit in 2021

Contribution Limits

For your convenience, we created a 1-page guide with this information, which you can download and save here.  If you have questions about the best way to invest in the varying options available to you, our Wealth Management services can help! Just email by clicking the button below.

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Earl Blackmon, CPA

Avizo Group offers Wealth Management for clients who would like assistance in investing, saving, and portfolio diversification. This is an area of need for many of our clients who want to invest but need someone they know and trust to help them.  Earl Blackmon holds a Series 7 and Series 66 license.

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