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) only | 401(k) with Profit Sharing | Cash Balance | Total |
| 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.