401(k) Plan Features
Funding Source	Employee & Employer
Maximum Employee Contribution	Under Age 50    Age 50 or Older 2022 $20,500 $30,000 2023 $22,500 $27,000
Maximum Employer Contribution	25% of Compensation
Maximum Aggregate Contribution	Under Age 50    Age 50 or Older 2022 $61,000 $67,500 2023 $66,000 $73,500 2023 Under Age 50 $66,000 Age 50 or Older $73,500 2022 Under Age 50 $61,000 Age 50 or Older $67,500
Plan Establishment Deadline	Business tax return due date, including extensions (payroll deferrals only eligible prospectively)
Account Structure	Employer-Administered Group Trust
Additional Plan Features	✔ Withdrawal Restrictions ✔ Vesting ✔ Plan Loans