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ARTICLE · 16 NOVEMBER 2021

2022 Employee Benefit Plan And Transportation Limits

The below presents the Internal Revenue Service (IRS) recently announced 2022 cost-of-living adjustments for retirement...

United StatesEmployment and HR

The below presents the Internal Revenue Service (IRS) recently announced 2022 cost-of-living adjustments for retirement, health and welfare plans, and transportation programs. Many of the retirement plan limits changed for 2022 due to recent inflation. Notable increases include the defined contribution and defined benefit plan limitations. Other notable increases in 2022 are the compensation-related limits and elective deferral amounts.

Retirement Plan Limits

The 2022 annual retirement plan limitations as compared to 2021 are as follows:

2022 2021
401(k), 403(b) and 457(b) Plan Elective Deferrals $20,500 $19,500
Age 50 Catch-Up Contribution (For Above Plans)

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