2022 Retirement and Health Benefit Plan Limits

There are several changes to retirement plan contribution limits, as well as other employee benefits in 2022. See the tables below.


Defined Contribution Plans (401(k), 403(b), most 457 plans, etc.)

2022

2021

Change

Maximum employee elective deferral (age 49 or younger)

$20,500

$19,500

+$1,000

Employee catch-up contribution (age 50 or older by year-end)

$6,500

$6,500

no change

Maximum employee elective deferral plus catch-up contribution (age 50 or older)

$27,000

$26,000

+$1,000

Defined contribution maximum limit, employee + employer (age 49 or younger)

$61,000

$58,000

+$3,000

Defined contribution maximum limit (age 50 or older), all sources + catch-up

$67,500

$64,500

+$3,000

Employee compensation limit for calculating contributions

$305,000

$290,000

+$15,000

​Key employees' compensation threshold for top-heavy plan testing

$200,000

$185,000

+$15,000

Highly compensated employees' threshold for nondiscrimination testing

$135,000

$130,000

+$5,000

Source: IRS Notice 2021-61



Individual Retirement Accounts, SEP IRAs, Solo 401(k)s, and SIMPLE

2022

2021

Change

Individual Retirement Accounts (Traditional or Roth IRAs) contribution limit

$6,000

$6,000

no change

IRAs Catch-Up contribution limit

$1,000

$1,000

no change

SEP IRA and Solo 401(k)s contribution limit

$61,000

$58,000

+$3,000

​SIMPLE contribution limit

$14,000

$13,500

+$500

SIMPLE catch-up contribution limit

$3,000

$3,000

no change

Source: IRS Notice 2021-61



Health Savings Accounts (HSAs) and High-Deductible Health Plans (HDHPs)

2022

2021

Change

HSA contribution limit (EE + ER)

$3,650(individual)/ $7,300(family)

$3,600(individual)/ $7,200(family)

+$50(individual)/ +100(family)

HSA catch-up contributions (age 55 or older)

$1,000

$1,000

no change

HDHP minimum deductibles

$1,400(individual)/ $2,800(family)

$1,400(individual)/ $2,800(family)

no change

HDHP max out-of-pocket amounts

$7,050(individual)/ $14,100(family)

$7,000(individual)/ $14,000(family)

+$50(individual)/ +100(family)

Source: IRS Notice 2021-25



Health Care Flexible Spending Accounts (FSAs)

2022

2021

Change

Maximum salary deferral

$2,850

$2,750

+$100

Maximum rollover amount

$570

$550

+$20

Source: IRS Notice 2021-45

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