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Pension Plan Limitations for 2022
401(k) Maximum Elective Deferral
(*$27,000 for those age 50 or older, if plan permits)
  $20,500*
Defined Contribution Maximum Annual Addition   $61,000
Highly Compensated Employee Threshold   $135,000
Annual Compensation Limit   $305,000

Consult your plan’s financial, legal, or tax advisor regarding these and other items that may apply to your plan.

Heartland Retirement Plan Services are offered through Dubuque Bank and Trust Company. The information provided herein is general in nature and is not intended to be nor should be construed as specific investment, legal or tax advice. The factual information has been obtained from sources believed to be reliable, but is not guaranteed as to accuracy or completeness. Heartland Retirement Plan Services makes no warranties with regard to the information or results obtained by its use and disclaims any liability arising out of your use of, or reliance on, it. Products offered through Heartland Retirement Plan Services are not FDIC insured, are not bank guaranteed and may lose value, unless otherwise noted.