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202320222021
401(k) and 403(b) Deferral Limit22,50020,50019,500
401(k), 403(b), 457 Catch-up Contribution Limit7,5006,5006,500
401(a) Annual Compensation Limit330,000305,000290,000
457 Deferral Limit22,50019,50019,500
Defined Benefit 415 Limit265,000245,000230,000
Defined Contribution 415 Limit66,00061,00058,000
Dollar Limit for HCEs150,000135,000130,000
Dollar Limit for Key Employee215,000200,000185,000
SIMPLE Catch-up Contribution Limit3,5003,0003,000
SIMPLE Deferral Limit15,50014,00013,500
Annual IRA Contribution Limit6,5006,0006,000
IRA Catch-Up Contribution Limit1,0001,0001,000
Social Security Taxable Wage Base160,200147,000142,800
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TRG has supported the Hanes Supply Inc. 401K plan for the last seven years. The service provided by TRG is world class. When it comes to the administration, recordkeeping for the plan and their year-end compliance, TRG’s annual plan audit always run smoothly. They are always there to answer any question that an associate may have and their web site is very informative and easy to use. Hanes Supply looks forward to working with TRG in the future.

Keith Anterline
Hanes Supply, Inc.

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