| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Compensation | $345,000 | $330,000 | $305,000 | $290,000 | $285,000 |
| Limits on Benefits and Contributions | |||||
| 401(k), 403(b), and 457 Plan Elective Deferrals | $23,000 | $22,500 | $20,500 | $19,500 | $19,500 |
| Defined Contribution Plans | $69,000 | $66,000 | $61,000 | $58,000 | $57,000 |
| Defined Benefit Plans | $275,000 | $265,000 | $245,000 | $230,000 | $230,000 |
| SIMPLE Plan Elective Deferrals | $16,000 | $15,500 | $14,000 | $13,500 | $13,500 |
| IRA | $7,000 | $6,500 | $6,000 | $6,000 | $6,000 |
| “Highly Compensated” Definition | $155,000 | $150,000 | $135,000 | $130,000 | $130,000 |
| “Key Employee” Definition | |||||
| Officer | $220,000 | $215,000 | $200,000 | $185,000 | $185,000 |
| Security Taxable Wage Base | $168,600 | $160,200 | $147,000 | $142,800 | $137,700 |
| Catch Up Contributions | |||||
| 401(k), 403(b), and 457 Plans | $7,500 | $7,500 | $6,500 | $6,500 | $6,500 |
| SIMPLE Plans | $3,500 | $3,500 | $3,000 | $3,000 | $3,000 |
| IRA | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
