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LOAN AMORTIZATION SCHEDULE
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Retirement Plan Limits
401K PLAN LIMITS |
||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2021 | 2020 | 2019 | ||
| 401K Elective Deferrals | $22,500 | $20,500 | $19,500 | $19,500 | $19,000 | |
| Annual Defined Contribution Limit | $66,000 | $61,000 | $58,000 | $57,000 | $56,000 | |
| Annual Compensation Limit | $330,000 | $305,000 | $290,000 | $285,000 | $280,000 | |
| Catch-Up Contribution Limit | $7,500 | $6,500 | $6,500 | $6,500 | $6,000 | |
| Key Employee / Officer Limit | $215,000 | $200,000 | $185,000 | $185,000 | $180,000 | |
| Highly Compensated Employees | $150,000 | $135,000 | $130,000 | $130,000 | $125,000 | |
NON-401K RELATED LIMITS |
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|---|---|---|---|---|---|---|
| 403b/457 Elective Deferrals | $22,500 | $20,500 | $19,500 | $19,500 | $19,000 | |
| SIMPLE Employee Deferrals | $15,500 | $14,000 | $13,500 | $13,500 | $13,000 | |
| SIMPLE Catch-Up Deferral | $3,500 | $3,000 | $3,000 | $3,000 | $3,000 | |
| SEP Minimum Compensation | $700 | $650 | $650 | $600 | $600 | |
| SEP Annual Compenasation Limit | $330,000 | $305,000 | $290,000 | $285,000 | $280,000 | |
| IRA Contribution Limit | $6,500 | $6,000 | $6,000 | $6,000 | $6,000 | |
| IRA Catch-Up Limit | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| Defined Benefit Plan Limit | $265,000 | $245,000 | $230,000 | $230,000 | $225,000 | |
| Social Security Wage Base | $160,200 | $147,000 | $142,800 | $137,700 | $132,900 | |