Broker Check
2023 Contribution Limits

2023 Contribution Limits

October 24, 2022
Share |

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 with your plan participants!

2023 Contribution Limits