The IRS has announced the 2022 pension plan limits, which includes the following:
- 401(k) Deferral Limit - $20,500
- Annual Additions Limit - $61,000
- Maximum Compensation Limit - $305,000
- Catch-Up Contribution Limit - $6,500
- Highly Compensated Employee - $135,000
- ESOP 5-Year Distribution Threshold - $1,230,000
- ESOP Additional Year Threshold - $245,000