|
| 2024 | 2023 | 2022 |
|---|---|---|---|
| Compensation | $345,000 | $330,000 | $305,000 |
| Limits on benefits and contributions: | |||
| $69,000 | $66,000 | $61,000 |
| $275,000 | $265,000 | $245,000 |
| $23,000 | $22,500 | $20,500 |
| $16,000 | $15,500 | $14,000 |
| $7,000 | $6,500 | $6,000 |
| Catch-up contributions: | |||
| $7,500 | $7,500 | $6,500 |
| $3,500 | $3,500 | $3,000 |
| $1,000 | $1,000 | $1,000 |
| "Highly Compensated" definition | $155,000 | $150,000 | $135,000 |
| "Key Employee" definition: | |||
| $220,000 | $215,000 | $200,000 |
| $155,000 | $150,000 | $150,000 |
| Social Security Taxable wage base | $168,600 | $160,200 | $147,000 |