Annual Limits |
2024 |
2023 |
2022 |
| Employee Elective Deferrals for 401(k), 403(b) and 457(b) Plans | $23,000 | $22,500 | $20,500 |
| Employee Elective Deferral Catch-Up | $7,500 | $7,500 | $6,500 |
| Maximum Annual Compensation | $345,000 | $330,000 | $305,000 |
| Defined Contribution Annual Addition Limit | $69,000 | $66,000 | $61,000 |
| Highly Compensated Threshold |
$155,000 | $150,000 | $135,000 |
| Defined Benefit Annual Limit | $275,000 | $265,000 | $245,000 |
| SIMPLE IRA Contribution Limit | $16,000 | $15,500 | $14,000 |
| SIMPLE IRA Catch Up Contribution | $3,500 | $3,500 | $3,000 |
| Traditional IRA and Roth IRA Contribution Limit | $7,000 | $6,500 | $6,000 |
| Traditional IRA and Roth IRA Catch Up Contribution | $1,000 | $1,000 | $1,000 |
| Social Security Taxable Wage Base | $168,600 | $160,200 | $147,000 |
For professional consultation, contact Marianne Lyons
Securities offered through Cambridge Investment Research, Inc., a Broker/ Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor.
Cambridge Investment Research, Inc.
613 Baltimore Drive, Wilkes Barre PA 18702
570-831-9900
