The IRS has recently released updated regulations regarding the contribution and plan limits for retirement plans and cafeteria plans for 2022. The following are Retirement Plan Limits and Thresholds for 2022: Total Defined Contribution Plan Limit $61,000 (up from $58,000 in 2021) 401(k)/Roth Employee Deferral Limit $20,500 (up from $19,500 in 2021) 401(k)/Roth Catch-up Contribution Limit (age 50+) $6,500 (unchanged from 2021) SIMPLE 401(k) Employee Deferral Limit $14,000 (up from $13,500 in 2021) SIMPLE 401(k) Catch-up Contribution Limit (age 50+) $3,000 (unchanged from 2021) IRA (Traditional
