The employee benefit limits that follow are indexed annually for inflation, rounded to the increment levels set forth below.
|
Type of Limit |
2017 |
2018 |
2019 |
2020 |
2021 (Rev. Proc. 2020-79) |
2022 (Rev. Proc. 2021-61) | 2023 (Rev. Proc. 2022-38) |
2024 (Rev. Proc. 2023-75) |
| Defined Benefit Plans Q 3868 | $215,000 | $220,000 | $225,000 | $230,000 | $230,000 | $245,000 | $265,000 | $275,000 |
| Defined Contribution Plans Q 3868 | $54,000 or 100% of pay | $55,000 or 100% of pay | $56,000 or 100% of pay | $57,000 or 100% of pay | $58,000 or 100% of pay | $61,000 or 100% of pay | $66,000 or 100% of pay | $68,000 or 100% of pay |
| Elective Deferral Limit for 401(k) Plans and SAR-SEPs Q 3705, Q 3760 | $18,000 | $18,500 | $19,000 | $19,500 | $19,500 | $20,500 | $22,500 | $23,000 |
| Elective Deferral Limit for SIMPLE IRAs and SIMPLE 401(k) Plans Q 3706, Q 3760 | $12,500 | $12,500 | $13,000 | $13,500 | $13,500 | $14,000 | $15,500 | $16,000 |
| Elective Deferral Limit for 457 Plans Q 3584 | $18,000 | $18,500 | $19,000 | $19,500 | $19,500 | $20,500 | $22,500 | $23,000 |
| Minimum Compensation Amount for SEPs Q 3701 | $600 | $600 | $600 | $600 | $650 | $650 | $750 | $750 |
| Maximum Compensation Amount for VEBAs Q 4103;
SEPs Q 3701; TSAs |
$270,000 | $275,000 | $280,000 | $285,000 | $290,000 | $305,000 | $330,000 | $345,000 |
| Catch-up for 401(k) Plans Q 3761 | $6,000 | $6,000 | $6,000 | $6,500 | $6,500 | $6,500 | $7,500 | $7,500 |
| Catch-up for SIMPLE IRAs and SIMPLE 401(k) Plans Q 3706, Q 3761 |
$3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,500 | $3,500 |