The IRS has released additional cost of living adjustments which affect the dollar limits for both retirement and health & welfare plans. Many of the limits have increased for 2022. Please refer to the table below.

2021 2022
Retirement Limitations
401(k) / 403(b) / 457 Plan Maximum Elective Deferral $19,500 $20,500
Qualified Plan Compensation Limit $290,000 $305,000
Catch-Up Contribution Limit for all plans other than 401(k)(11) and 408(p) plans $6,500 No change
Catch-Up Contribution Limit for 401(k)(11) or 408(p) plans $3,000 No change
Highly Compensated Employee Definition $130,000 $135,000
Top Heavy Key Employee Definition $185,000 $200,000
Defined Contribution Annual Additions Limit $58,000 $61,000
Defined Benefit Annual Benefit Limit $230,000 $245,000
Social Security Taxable Wage Base $142,800 $147,000
Flexible Spending Accounts (FSAs)
Health FSA Limit $2,750 $2,850
Dependent Care Account
Married individuals, filing separately $2,500 No change
Households $5,000 No change
Health Savings Account Limitations (HSAs)
HSA Contribution Limits
Individual $3,600 $3,650
Family $7,200 $7,300
Catch-up $1,000 No change
HDHP Out of Pocket Maximum
Individual $7,000 $7,050
Family $14,000 $14,100
HDHP Minimum Annual Deductible
Individual $1,400 No change
Family $2,800 No change
Employer Provided Adoption Assistance Programs $14,400 $14,890
Transportation Fringe Programs
Mass Transit Expenses $270/month $280/month
Parking Expenses $270/month $280/month