In October, the IRS issued the maximum benefit and contribution limits for 2022. The good news is that most of the dollar limits increased! 2022 2021 Elective Deferrals – 401(k) and 403(b) Plans $20,500 $19,500 Catch-Up Contributions (over age 50) $6,500 $6,500 Annual Contribution Limit – Defined Contribution Plans $61,000 $58,000 Annual Covered Compensation Limit […]