The Internal Revenue Service (“IRS”) has raised the contribution limits for 2023. 2023 Limits 2022 Limits 401(k) plans elective deferral contribution $22,500 $20,500 401(k) plans age 50 and older catch-up contribution $7,500 $6,500 SIMPLE 401(k) plans deferral contribution $15,500 $14,000 SIMPLE 401(k) plans catch-up contribution $3,500 $3,000 Qualified plan maximum compensation $330,000 $305,000 Social Security...... Read More

              Source: Health Care in Retirement Will Cost an Average of $315,000 | PLANSPONSOR... Read More

... Read More