2022 Contribution Limits for Retirement Plans

  • Bjork Group

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The new Retirement Plan Contribution Limits are official!

The following limits are going up for 2022:

• Maximum contributions for 401(k), 403(b) and 547 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!

Download the 2022 Contribution Limits

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