In 2022, several of the Cafeteria Plan and Retirement Plan annual limits are increasing. Check out the new limits below!

Annual Limits
2021
2022
401(k), 403(b), 457 Deferral $19,500 $20,500
401(k), 403(b), 457 “Catch-Up”  $6,500 $6,500
415 Defined Contribution Plan $58,000 $61,000
415 Defined Annual Compensation $290,000 $305,000
IRA Contribution $6,000 $6,000
IRA “Catch-Up” $1,000 $1,000
SIMPLE 401(k) $13,500 $14,000
SIMPLE “Catch-Up”  $3,000 $3,000
Social Security Wage Base $142,800 $147,000
Health Flexible Spending Arrangement $2,750 $2,850
Carryover Amount for Health FSAs $550 $570
HSA “Catch-Up” $1,000 $1,000
HSA Single Contribution $3,600 $3,650
HSA Family Contribution $7,200 $7,300
QSEHRA Self-Only Coverage $5,300 $5,450
QSEHRA Family Coverage $10,700 $11,050
EBHRA $1,800 $1,800

 

Mileage Reimbursement (flex)  $0.16/mile as of 1/1/2021

Questions? Contact one of our Third Party Administrators.