403(b) Contribution Limits

Calculating employer contributions isn’t really complicated.  View the 90-second video for a simple explanation of how to calculate 403(b) employer contribution limits using two figures from your W-2.

Your contribution limits are also subject to IRS maximum contribution limits as noted below according to your age.

2022 403(b) contribution limits:

Under age 50:

The limit for contributions (employee and employer) is $61,000.

The employee deferral portion is limited to $20,500.

Age 50 and over:

The limit for contributions (employee and employer) is $67,500.

The employee deferral portion is limited to $27,000.

*Remember, there must be $1 of Includible Compensation for every $1 of Employer Contribution.

A few tips to remember about your Clergy Advantage 403(b) contributions:

  • Employer Contributions are not reflected on your W-2
  • Employer Contributions cannot exceed Includible Compensation, as explained in the video
  • Employee Contributions are deferred from your pay package and reported in Box 12
    • The Employee (pre-tax) Contribution is Code E
    • A Roth Style (after-tax) contribution is Code BB
  • There must be one dollar of Includible Compensation for every dollar of Employer Contribution
  • Contribution limits change annually and are affected by your age
  • Always check our website for current limits and talk to your advisor for optimal retirement planning
  • Portability means your retirement plan goes where you go with your housing allowance distribution capability
  • Hassle-Free Administration saving time and money
  • Personal Investment & Housing Allowance Strategies tailored for your situation and goals
  • Monthly Tax-Free Distributions for ministers when set up properly
  • Dramatic Tax Savings even on Social Security Tax
  • Withdrawal Strategies using clergy tax benefits
  • World-class Money Managers with over a hundred funds to choose from