General Information

The Benefit Plan limits for 2022 have been published and are provided for your information.

Annual limit for 401(k) Plan Deferrals	$20,500.00
Annual limit for 401(k) Catch Up contributions	$1,100.00
Definition of "Highly" Compensated	$135,00.00
Social Security Wage Base	$147,000.00
Social Security Tax	6.2%
NAF Retiree COLA	5.9%
Medicare tax remains at 1.45% Dependent Care (for FSA) annual max deferral remains at $5,000.00 Health Care (for FSA) annual max dererral increases to $2,850.00
* There is no discrimination testing for 401(k) Plans, but discrimination testing is applicable for FSA Dependent Care and Health Care. 2020 Annual 415(c) limit for defined contribution plan is $61,000.00 HC FSA max rollover $570 HDHP out of pocket maximum self: $7,050; family $14,100 HSA maximum annual contribution self: $3,650; family $7,300 HSA catch up contribution: $1,000