| 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 |