Date: Dec 29, 2021
Category:

2022 contribution limit for 401(k) plans will increase to $20,500. Employees 50 and older can make an annual catch-up contribution up to $6,500 in 2022 (same as 2021), for a total contribution of $27,000.

There are many benefits for employers that offer a 401(k) plan. It can give employers an edge when it comes to attracting and retaining talent. And 401(k) plans are tax-deductible for employers.

For information about the Western Growers Retirement Security Plan, contact Western Growers Financial Services.

WG Staff Contact

Jason Resnick
Sr. Vice President & General Counsel
949-885-2253

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Farming has never been more challenging, which is why Western Growers invests in fully committed advocates – your advocates – in Sacramento, Phoenix, and Washington, D.C.  Only Western Growers offers members so many business services, supported by more than 400 dedicated employees.

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