| 2023 | 2022 | 2021 | 2020 | 2019 |
Compensation | $330,000 | $305,000 | $290,000 | $285,000 | $280,000 |
Limits on benefits and contributions: | |||||
| $66,000 | $61,000 | $58,000 | $57,000 | $56,000 |
| $265,000 | $245,000 | $230,000 | $230,000 | $225,000 |
| $22,500 | $20,500 | $19,500 | $19,500 | $19,000 |
| $15,500 | $14,000 | $13,500 | $13,500 | $13,000 |
| $6,500 | $6,000 | $6,000 | $6,000 | $6,000 |
Catch-up contributions: | |||||
| $7,500 | $6,500 | $6,500 | $6,500 | $6,000 |
| $3,500 | $3,000 | $3,000 | $3,000 | $3,000 |
| $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
"Highly Compensated" definition | $150,000 | $135,000 | $130,000 | $130,000 | $125,000 |
"Key Employee" definition: | |||||
| $215,000 | $200,000 | $185,000 | $185,000 | $180,000 |
| $150,000 | $150,000 | $150,000 | $150,000 | $150,000 |
Social Security Taxable wage base | $160,200 | $147,000 | $142,800 | $137,700 | $132,900 |