Originally Posted by Tailhookah

No it’s not. The limits in 2023 are 1) individual $22,500. 2) Catch up (after 50) $7,500. 3) Company DC limit $43,500.

In 2022 it was 1) $20,500. 2) $6,500. 3) $40,500.

If wrong then I maxed every category out by November, didn’t change a single percentage on Fidelity and those limits are exactly what I paid. Including my Roth + traditional 401K. Try it. And this year I’ve already maxed out both of my personal limits and my individual 401k + Roth and Catch up equal exactly $30,000 to the penny.

Tell me how I’m wrong.

From the tax code: 2023 Limitations Adjusted as Provided in Section 415(d), etc.

The limitation for defined contribution plans under section 415(c)(1)(A) is increased in 2023 from $61,000 to $66,000.
The Code provides that various other dollar amounts are to be adjusted at the same time and in the same manner as the dollar limitation of section 415(b)(1)(A). After taking into account the applicable rounding rules, the amounts for 2023 are as follows:
The limitation under section 402(g)(1) on the exclusion for elective deferrals described in section 402(g)(3) is increased from $20,500 to $22,500.

I’m spot on. Look up the tax code.