2023 Cash Balance Plan Contribution Table [Maximum]


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In the table below, we show the maximum cash balance plan contributions. Amounts noted for 401(k) and profit sharing might be limited as a result of IRS combination rules.

The cash balance plan contributions are estimates. Actual amounts will vary based on actuary review and specific client situation. 

Age401(k) deferral401(k) & Profit Sharing (1)Cash Balance (2)Total
70$27,000$67,500$364,000$431,500
69$27,000$67,500$349,000$416,500
68$27,000$67,500$334,000$401,500
67$27,000$67,500$320,000$387,500
66$27,000$67,500$306,000$373,500
65$27,000$67,500$293,000$360,500
64$27,000$67,500$301,000$368,500
63$27,000$67,500$306,000$373,500
62$27,000$67,500$313,000$380,500
61$27,000$67,500$297,000$364,500
60$27,000$67,500$283,000$350,500
59$27,000$67,500$270,000$337,500
58$27,000$67,500$256,000$323,500
57$27,000$67,500$243,000$310,500
56$27,000$67,500$231,000$298,500
55$27,000$67,500$220,000$287,500
54$27,000$67,500$210,000$276,500
53$27,000$67,500$200,000$267,500
52$27,000$67,500$190,000$257,500
51$27,000$67,500$180,000$247,500
50$27,000$67,500$171,000$238,500
49$20,500$61,000$162,000$223,000
48$20,500$61,000$154,000$215,000
47$20,500$61,000$147,000$208,000
46$20,500$61,000$140,000$201,000
45$20,500$61,000$133,000$194,000
44$20,500$61,000$126,000$187,000
43$20,500$61,000$120,000$181,000
42$20,500$61,000$114,000$175,000
41$20,500$61,000$108,000$169,000
40$20,500$61,000$103,000$164,000
39$20,500$61,000$98,000$159,000
38$20,500$61,000$93,000$154,000
37$20,500$61,000$88,000$149,000
36$20,500$61,000$84,000$145,000
35$20,500$61,000$80,000$141,000
34$20,500$61,000$76,000$137,000
33$20,500$61,000$72,000$133,000
32$20,500$61,000$68,000$129,000
31$20,500$61,000$65,000$126,000
30$20,500$61,000$62,000$123,000

(1) The maximum contribution limits for the 401(k) profit sharing plan may be limited as a result of IRS plan combination rules. For plans that are not covered by the PBGC, employer contributions to a 401(k) and profit sharing plan may be reduced to the IRS limit of 6% of eligible compensation.

(2) Maximum cash balance plan contributions are based on IRS limits. Actual contributions can be lower depending on the client’s situation, IRS limitations and actuary review.

Paul Sundin

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