Edward A. Wodarczyk

Edward A. Wodarczyk, Esq., ewodarczyk@tuckerlaw.com, (412) 594-3920

The IRS and Social Security Administration have announced cost-of-living increases for retirement plans and other employee benefit plans for 2022.

	2021	2022
Compensation Limit	$290,000	$305,000
Highly Compensated Employee	$130,000	$135,000
401(k), 403(b), 457(b) Deferral Limit	$ 19,500	$ 20,500
Age 50 Additional Catch-Up Limit	$ 6,500	$ 6,500
Defined Contribution Plan Limit	$ 58,000	$ 61,000
Defined Benefit Plan Limit	$230,000	$245,000
Social Security Wage Base	$142,800	$147,000
HSA Individual Contribution Limit	$ 3,600	$ 3,650
HSA Family Contribution Limit	$ 7,200	$ 7,300
Health FSA Limit	$ 2,750	$ 2,850

See the IRS website for more details regarding cost-of-living increases.

November 12, 2021

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