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November 11, 2021
Many benefit plan limits have changed for the new calendar year. It is important to review the limits heading into 2022.
401(k) Limits
Pre-tax contributions are up to $20,500, which is $1,000 higher from 2021. Catch-up contributions did not change and are still $6,500.
Health Savings Account Limits
Pre-tax contributions both raised slightly from 2021.
Single coverage is up to $3,650, which is up $50 from 2021. Family coverage is at $7,300, which is up $100.