DB Plan 415 Limits

In a defined benefit plan, the annual benefit amount and potential lump sum payment to sole proprietors and partnership owners especially, may be limited by IRC Section 415. The table below approximates the annual applicable limits.

Valuation Date: 12/31/2022
Compensation Limit: $305,000
Benefit Limit: $245,000
Mortality: IRC 417(e) Lump Sum Table for 2022

ESTIMATED MAXIMUM FUNDING

Age Benefit Lump Sum
70 305,000 324,328
69 305,000 333,596
68 305,000 342,635
67 283,796 327,006
66 263,538 311,069
65 245,000 295,912
64 245,000 302,467
63 245,000 308,856
62 245,000 315,104
61 228,651 299,764
60 213,575 285,175
59 199,663 271,299
58 186,815 258,102
57 174,934 245,550
56 163,937 233,612
55 153,734 222,258
54 144,267 211,459
53 135,484 301,187
52 127,326 191,418
51 119,741 182,125
50 112,681 173,287
49 106,103 164,881
48 99,967 156,885
47 94,239 149,280
46 88,885 142,046
45 83,877 135,164
44 79,189 128,619
43 74,797 122,393
42 70,678 116,470
41 66,814 110,836
40 63,185 105,477
39 59,775 100,378
38 56,569 95,528
37 53,552 90,914
36 50,711 86,524
35 48,035 82,348
34 45,513 78,374
33 43,134 74,594
32 40,888 70,997
31 38,769 67,575
30 36,767 64,221
29 34,876 61,221
28 33,088 58,272
27 31,398 55,467
26 29,800 52,798