---
title: IRS Issues Retirement Plan Limits for 2022, Pension Plan FAQs
description: On November 10, 2021, the IRS issued Notice 2021-61 which provided annual cost-of-living adjusted limits for qualified retirement plans.
---

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# [IRS Issues Retirement Plan Limits for 2022, Pension Plan FAQs](https://www.meadenmoore.com/blog/atc/irs-issues-retirement-plan-limits-for-2022-pension-plan-faqs)

 Written by [Brian Dunfee](https://www.meadenmoore.com/blog/atc/author/brian-dunfee) | Nov 17, 2021 10:21:06 PM

On November 10, 2021, the IRS issued Notice 2021-61 which provided annual cost-of-living adjusted limits for qualified retirement plans (see table below).  Concurrently, they issued guidance in the form of Frequently Asked Questions (FAQs) to address certain pandemic-related issues concerning workforce shortages and retired individuals.

#### Updated Limits

| **401(k), 403(b), Profit-Sharing Plans, etc. ** | **2022** | **2021** |
| --- | --- | --- |
| Annual Compensation | 305,000 | 290,000 |
| Elective Deferral | 20,500 | 19,500 |
| Catch-up Contributions | 6,500 | 6,500 |
| Defined Contribution Limits | 61,000 | 58,000 |
| ESOP Limits | 1,230,000 245,000 | 1,165,000 230,000 |

| **Other** | **2022** | **2021** |
| --- | --- | --- |
| HCE Threshold | 135,000 | 130,000 |
| Defined Benefit Limits | 245,000 | 230,000 |
| Key Employee | 200,00 | 185,000 |
| 457 Elective Deferrals | 20,500 | 19,500 |
| Control Employee (compensation-based) | 245,000 | 235,000 |
| Taxable Wage Base | 147,000 | 142,800 |

 

#### Pension Plan FAQs

More information on the FAQs can be found on the IRS’ website using the following link:  [Coronavirus-related relief for retirement plans and IRAs questions and answers | Internal Revenue Service (irs.gov)](https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers)

Keep an eye on Meaden & Moore’s blog for future employee benefit plan content important to your compliance efforts or [contact us](https://www.meadenmoore.com/contact?hsCtaTracking=aa66637a-1033-4e81-adfa-96488ee20638%7C9acc16c6-c117-446c-9094-566e9814c482) for more details.

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