2022 Contribution Limits for Retirement Plans from Fiduciary Financial Partners

2022 Contribution Limits for Retirement Plans

The 2022 Contribution Limits for Retirement Plans are something every individual or plan sponsor should be aware of. Last month, the IRS¬†announced changes to retirement plans for 2022. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased to $20,500. Limits on contributions…