2023 Contribution Limits Table

The maximum contribution for the profit sharing contribution may be limited due to certain deduction limits. In addition, the estimate for the Cash Balance contribution is based on certain assumptions that may vary based on your Cash Balance plan’s specifications.* For details, call (877) CB-Plans or request a free Cash Balance illustration here.

For reference, see our 2022 Contribution Limits Table here.
For reference, see our 2023 Contribution Limits Table here.

See all 2023 Retirement Plan Limits here.

Age
401(k) only401(k) with Profit SharingCash BalanceTotal
70$30,000$73,500
$398,000
$471,500
69$30,000$73,500
$381,000
$454,500
68$30,000$73,500
$365,000
$438,500
67$30,000$73,500
$350,000
$423,500
66$30,000$73,500
$335,000
$408,500
65$30,000$73,500
$321,000
$394,500
64$30,000$73,500
$328,000
$401,500
63$30,000$73,500
$335,000
$408,500
62$30,000$73,500
$341,000
$414,500
61$30,000$73,500
$325,000
$398,500
60$30,000$73,500
$309,000
$382,500
59$30,000$73,500
$294,000
$367,500
58$30,000$73,500
$280,000
$353,500
57$30,000$73,500
$266,000
$339,500
56$30,000$73,500
$253,000
$326,500
55$30,000$73,500
$241,000
$314,500
54$30,000$73,500
$229,000
$302,500
53$30,000$73,500
$218,000
$291,500
52$30,000$73,500
$207,000
$280,500
51$30,000$73,500
$197,000
$270,500
50$30,000$73,500
$188,000
$261,500
49$22,500$66,000
$178,000
$244,000
48$22,500$66,000
$170,000
$236,000
47$22,500$66,000
$161,000
$227,000
46$22,500$66,000
$154,000
$220,000
45$22,500$66,000
$146,000
$212,000
44$22,500$66,000
$139,000
$205,000
43$22,500$66,000
$132,000
$198,000
42$22,500$66,000
$126,000
$192,000
41$22,500$66,000
$120,000
$186,000
40$22,500$66,000
$114,000
$180,000
39$22,500$66,000
$108,000
$174,000
38$22,500$66,000
$103,000
$169,000
37$22,500$66,000
$98,000
$164,000
36$22,500$66,000
$93,000
$159,000
35$22,500$66,000
$89,000
$155,000
34$22,500$66,000
$85,000
$151,000
33$22,500$66,000
$80,000
$146,000
32$22,500$66,000
$77,000
$143,000
31$22,500$66,000
$73,000
$139,000
30$22,500$66,000
$69,000
$135,000

*The maximum contribution for the employer contribution (e.g., profit sharing and matching, etc.) in the 401(k) with Profit Sharing column below, may be limited due to certain IRS deduction limits. In addition, the estimated maximum Cash Balance contribution shown is based on IRS maximum limits; actual Cash Balance contributions may be less depending on the actual plan’s provisions as outlined in the Cash Balance plan document as well as the IRS maximum deduction limits and the participant’s prior compensation and service history. Please note that for certain plans that are not covered by the PBGC (e.g., owner-only/spouse plans and certain professional services businesses, etc.), employer contribution amounts to a 401(k)/profit sharing plan may be limited to an IRS deduction limit of 6% of total eligible compensation. For details for a specific plan design, please call (877) CB-Plans or request a free Cash Balance illustration here. For further information about PBGC coverage see this link.