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Winter Park, FL
1201 South Orlando Avenue, #202
Winter Park, FL 32789
phone: (407) 645-401K
fax: (407) 647-8377

Jacksonville, FL
3545 St Johns Bluff Rd. South
Suite 1, #166
Jacksonville, FL 32224
phone: (904) 727-7539
fax: (904)725-1054

Clearwater/Tampa, FL
25400 US Highway 19 N, Ste. 152
Clearwater, FL 33763-2150
phone: (813) 906-6444
fax: (727) 330-2660

401K@batesco.com

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NIPA - National Institute of Pension Administrators


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Annual Plan Limits

Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.

Type 2022 2021 2020
Contribution and Benefit Limits
Elective Deferral Limit $20,500 $19,500 $19,500
Catch-Up Contributions $6,500 $6,500 $6,500
Annual Contribution Limit $61,000 $58,000 $57,000
Annual Contribution Limit including Catch-Up Contributions $67,500 $64,500 $63,000
Annual Benefit Limit $245,000 $230,000 $230,000
Compensation Limits
Maximum Plan Compensation $305,000 $290,000 $285,000
Income Subject to Social Security $147,000 $142,800 $137,700
Key EE Compensation Threshold $200,000 $185,000 $185,000
Highly Compensated EE Threshold $135,000 $130,000 $130,000
IRA Limits
SIMPLE Plan Elective Deferrals $14,000 $13,500 $13,500
SIMPLE Catch-Up Contributions $3,000 $3,000 $3,000
Individual Retirement Account (IRA) $6,000 $6,000 $6,000
IRA Catch-Up Contribution $1,000 $1,000 $1,000

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