The following limits are going up for 2023: 

• Maximum contributions for 401(k), 403(b) and 457 increases to $22,500 
• The annual additions limit for defined contribution plans increases to $66,000
• The annual compensation limit increases to $330,000 
• The Social Security Wage Base increases to $160,200 

Review the full list of contribution limit changes below and share with your plan participants!