Summary Plan Descriptions                                North Miami 691 Plan - DROP Study 

The IRS has announced retirement plan contribution limits for 2022. The annual elective deferral limit for 457, 403(b) and 401(k) plans increases to $20,500 with age 50 catch-up remaining at $6,500. The annual additions limit for 401(a) increased by $3,000 to $61,000. Traditional and Roth IRA contribution limits stayed the same at $6,000.

More details on the retirement plan  limits are available below:

https://www.irs.gov/pub/irs-drop/n-21-61.pdf

2022 Contribution Limits Announcement

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