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Plan Limits 2024 2023
401(k) Elective Deferral Limit $23,000 $22,500
Catch-Up Contribution Limit $7,500 $7,500
Annual Defined Contribution Limit $69,000 $66,000
Annual Compensation Limit $345,000 $330,000
Annual Defined Benefit Limit $275,000 $265,000
Highly Compensated Employee Dollar Limit $155,000 $150,000
Key Employee Dollar Limit $220,000 $215,000
Related Limits 2024 2023
403(b)/457 Elective Deferral Limit $23,000 $22,500
SIMPLE Employee Deferral Limit $16,000 $15,500
SIMPLE Catch-Up Deferral Limit $3,500 $3,500
SEP Minimum Compensation Limit $750 $750
SEP Annual Compensation Limit $345,000 $330,000
Social Security Taxable Wage Base $168,600 $160,200
Self-only HSA Contribution Limit $4,150 $3,850
Family HSA Contribution Limit $8,300 $7,750
HSA Catch-Up Contribution Limit $1,000 $1,000
IRA Contribution Limit $7,000 $6,500
IRA Catch-Up Contribution Limit $1,000 $1,000