Broker Check

2023 Retirement Plan Contribution Limits

December 14, 2022

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 them with your plan participants!

2023 Retirement Plan Contribution Limits´╗┐

If you have any questions regarding this upcoming year's contribution limits or any other related topic, please feel free to schedule a time for a quick chat via the calendar below: