2023 IRS 401(k) Contribution and Compensation Limits

  2023 Limitations 2022 Limitations
Annual Additions Maximum (415 Limit) $66,000 $61,000
Employee 401(k) Contributions (402(g) Limit) $22,500 $20,500
Catch-Up Contributions (Age 50 or Older) $7,500 $6,500
Highly Compensated Employee Threshold $150,000 $135,000
Key Employee Threshold $215,000 $200,000
Annual Compensation (401(a)(17)) Limit $330,000 $305,000
Social Security Wage Base $147,000 $142,800


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