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Employee retirement plan contribution cap/limit

Below are the retirement plan contribution limits as defined by the IRS for the 2020, 2021, and 2022 calendar years.


Retirement Plan 2022 2021 2020
401(k) $20,500 $19,500 $19,500
403(b) $2,050 $19,500 $19,500
Safe Harbor 401(k) $2,050 $19,500 $19,500
Simple 401(k) $14,000 $13,500 $13,500
Simple IRA $14,000 $13,500 $13,500
SEP IRA $61,000 $58,000 $57,000
401(k) Catch-up $6,500 $6,500 $6,500
403(b) Catch-up $6,500 $6,500 $6,500
Safe Harbor 401(k) Catch-up $6,500 $6,500 $6,500
Simple 401(k) Catch-up $3,000 $3,000 $3,000
Simple IRA Catch-up $3,000 $3,000 $3,000
Traditional & Roth IRA $6,000 $6,000 $6,000
Traditional & Roth IRA Catch-up $1,000 $1,000 $1,000


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