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: