The maximum annual elective salary deferral and designated Roth contribution under a 401(k) plan is increased from $19,500 to $20,500.
Catch-up Contributions. 401(k), 403(b), and governmental 457(b) plans permit participants who are age 50 or older by the end of 2022 to make annual catch-up contributions. Catchup contributions are generally not subject to limitations on the maximum annual elective deferral or other plan limits. The maximum catch-up contribution remains unchanged at $6,500.
If you are over age 50, you can contribute a total of $27,000 to your 401(k) in 2022.
