Publication 560 (2021), Retirement Plans for Small Business
Compensation limits for 2021 and 2022. For 2021, the maximum compensation used for figuring contributions and benefits is 290,000. This limit increases to 305,000 for 2022. Elective deferral limits for 2021 and 2022. The limit on elective deferrals, other than catchup contributions, is 19,500 for 2021 and 20,500 for 2022.