Contribution Limits in Peach State Reserves
January, 2023


The Internal Revenue Service (IRS) maximum contribution limits in 401(k) and 457 plans for 2022 will increase for 2023.

Contribution limits for 2023 are:

  • Under Age 50: $22,500
  • Over Age 50: $30,000

You can contribute the maximum amount to both a 401(k) and 457 account.

Even if you can’t contribute to the maximum amount, this is a great reminder to save as much as you can for your retirement.

Open a retirement savings account or increase your contributions today! 

Peach State Reserves (PSR) participants, or those eligible for a PSR account, can increase contributions or open a 401(k) or 457 at GaBreeze.

Your future self will thank you!

For more information about contribution limits, including employer contribution limits, see 401(k) and Profit-Sharing Plan Contribution Limits on the IRS website.