Below is a list of selected IRS limits relating to employee benefits and compensation for 2023. These limits are adjusted periodically to reflect changes in the cost of living.

Retirement Amount for 2023
Annual compensation limit, § 401(a)(17)  $330,000
Elective deferrals for 401(k), 403(b) and 457 plans, § 402(g) & § 457(e)  $22,500
Catch-up contributions, § 414(v)  $7,500
Highly compensated employee threshold, § 414(q)  $150,000
Benefits limit for defined benefit plans, § 415(b)  $265,000
Allocation limit for defined contribution plans, § 415(c)  $66,000
Key employee threshold, § 416(i)  $215,000
Health  Amount for 2023
Health flexible spending account limit, § 125(i)  $3,050
HSA contribution limit − self-only coverage, § 223(b)  $3,850
HSA contribution limit − family coverage, § 223(b)  $7,750
High deductible health plan − self-only, § 223(c) $1,500 minimum deductible
$7,500 maximum out-of-pocket
High deductible health plan − family, § 223(c) $3,000 minimum deductible
$15,000 maximum out-of-pocket
Out-of-pocket limits for essential health benefits, §9815(a)(1)/PHSA § 2707(b) $9,100 self-only coverage
$18,200 family coverage
Other  Amount for 2023
Social Security wage base  $160,200
Exclusion for employer-provided mass transit and vanpool benefits, § 132(f)  $300
Exclusion for employer-provided parking, § 132(f)  $300

Links to Other Limits:

2023 Federal Income Tax Rates

2022 Federal Poverty Guidelines

PBGC Maximum Guaranteed Benefit Tables

Maximum Social Security Benefits

2023 Covered Compensation Tables