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Contribution Limits

IRS Plan Maximums - 2022

401(k) -

Pre-Tax & Roth - $20,500.  Plan participants are eligible to contribute up to the IRS maximum. This total includes both Roth and Pre-Tax amounts. Once you reach a total of $20,500 in contributions you may not contribute additional funds for the plan year in which the maximum is met. 

Catch-Up - $6,500. Participants over the age of 50 are permitted to contribute an additional amount to increase their total contributions for the plan year.