A snapshot of what has change, and not changed, with your employees’ 2022 contribution limits.
What’s changed: In 2022, the maximum contribution limit for employees who participate in 403(b) and 457 plans increased from $19,500 to $20,500. This means that anyone who has not reached age 50, or will be turning 50 during the 2022 calendar year, can contribute $20,500
What’s not changed: Employee catch-up contribution maximums remain at $6,500.
New limits
| Plan Type | Normal Limit | Age 50 “Catch-Up” |
| 403(b) | $ 20,500.00 | $ 6,500.00 |
| 457(b) | $ 20,500.00 | $ 6,500.00 |
| IRA | $ 6,000.00 | $ 1,000.00 |
For a full rundown of changes, read this article “IRS Announces 2022 Contribution, Benefit Limits” published by NTSA on November 4, 2021.
2022 Contribution Limits - In-depth
The companies of National Life Group® and their representatives do not offer tax or legal advice. For advice concerning your own situation, please consult with your appropriate professional advisor.
TC124544(1221)1
