Edward A. Wodarczyk, Esq., ewodarczyk@tuckerlaw.com, (412) 594-3920

The IRS and Social Security Administration have announced cost-of-living increases for retirement plans and other employee benefit plans for 2022.

2021 2022
Compensation Limit $290,000 $305,000
Highly Compensated Employee $130,000 $135,000
401(k), 403(b), 457(b) Deferral Limit $ 19,500 $ 20,500
Age 50 Additional Catch-Up Limit $ 6,500 $ 6,500
Defined Contribution Plan Limit $ 58,000 $ 61,000
Defined Benefit Plan Limit $230,000 $245,000
Social Security Wage Base $142,800 $147,000
HSA Individual Contribution Limit $ 3,600 $ 3,650
HSA Family Contribution Limit $ 7,200 $ 7,300
Health FSA Limit $ 2,750 $ 2,850

See the IRS website for more details regarding cost-of-living increases.

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