The Internal Revenue Service announced the dollar limitations for retirement plans and other benefits.

1 This limit and the catch-up limit
also apply to Roth (after-tax) contributions under 401(k) and 403(b) plans that
permit such contributions.
2 In no event may annual additions exceed 100% of a participant’s
compensation.
3 In no event may a participant’s annual benefit exceed 100% of the
participant’s average compensation for the participant’s high three years.
4 Generally, an employee is considered “highly compensated” if the
employee:
(a) was a five-percent owner of the employer at any
time during the current or preceding year; or
(b) received compensation from the employer in the
preceding year of more than the applicable dollar limit for that year.
5 This limit applies only to voluntary employee salary reduction
(pre-tax) contributions.