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Retirement Plan Contribution Amounts

December 07, 2022
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Each year the IRS reviews contribution maximums for qualified retirement plans. The new rates for 2023 were recently announced and feature some significant increases. The new annual contribution amounts include:

  • 401(k), 403(b) and 457(b): $22,500
  • Catch-up for those over 50: $7,500
  • Traditional & Roth IRAs: $6,500
  • Catch-up for those over 50: $1,000

Please reach out to us if you’d like to discuss increasing your retirement contributions.  

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