In 2023, several of the Cafeteria Plan and Retirement Plan annual limits are increasing. Check out the new limits below!
Annual Limits |
2022 |
2023 |
| 401(k), 403(b), 457 Deferral | $20,500 | $22,500 |
| 401(k), 403(b), 457 “Catch-Up” | $6,500 | $7,500 |
| 415 Defined Contribution Plan | $61,000 | $66,000 |
| 415 Defined Annual Compensation | $305,000 | $330,000 |
| IRA Contribution | $6,000 | $6,000 |
| IRA “Catch-Up” | $1,000 | $1,000 |
| SIMPLE 401(k) | $14,000 | $15,500 |
| SIMPLE “Catch-Up” | $3,000 | $3,500 |
| Social Security Wage Base | $147,000 | $160,200 |
| Health Flexible Spending Arrangement | $2,850 | $3,050 |
| Carryover Amount for Health FSAs | $570 | $610 |
| Daycare | $5,000 | $5,000 |
| HSA “Catch-Up” | $1,000 | $1,000 |
| HSA Single Contribution | $3,650 | $3,850 |
| HSA Family Contribution | $7,300 | $7,750 |
| QSEHRA Self-Only Coverage | $5,450 | $5,850 |
| QSEHRA Family Coverage | $11,050 | $11,800 |
| EBHRA | $1,800 | $1,950 |
Mileage Reimbursement (flex) $0.22/mile as of 7/1/2022
Questions? Contact one of our Third Party Administrators.
