The IRS has announced the 2023 pension plan limits, which include the following:
- 401(k) Deferral Limit - $22,500
- Annual Additions Limit - $66,000
- Maximum Compensation Limit - $330,000
- Catch-Up Contribution Limit - $7,500
- Highly Compensated Employee - $150,000
- ESOP 5-Year Distribution Threshold - $1,330,000
- ESOP Additional Year Threshold - $265,000