IRS Limits

PENSION-RELATED DOLLAR LIMITATIONS SUBJECT TO ANNUAL COST OF LIVING ADJUSTMENTS (COLAs)
2024 2023
Annual Compensation Limit $345,000 $330,000
Employee Deferral Limit $23,000 $22,500
Catch-up Deferral Limit $7,500 $7,500
Defined Contribution Plan Limit $69,000 $66,000
Highly Compensated Employee $155,000 $150,000
Defined Benefit Plan Limit $275,000 $265,000
Social Security Taxable Wage Base $168,600 $160,200
PBGC Guaranteed Monthly Maximum Benefit (@ age 65) $7,107.95 $6,750.00