Defined Contribution Plans |
2025 |
2024 |
2023 |
Deferral Limit for: 401(k), 403(b), and 457(b) plans |
$23,500 |
$23,000 |
$22.500 |
Catch-up Contribution Limit for: 401(k), 403(b), and governmental 457(b) plans (individuals over 50)* |
$7,500 |
$7,500 |
$7,500 |
Super Catch-up Contribution Limit (ages 60-63)* |
$11,250 |
|
|
Simple IRA Annual Contribution Limit |
$16,500 |
$16,000 |
$15,500 |
Simple IRA Catch-Up Contribution |
$3,500 |
$3,500 |
$3,500 |
Simple IRA Super Catch-Up Contribution* |
$5,250 |
|
|
Defined Contribution Plan Annual Contribution Limit |
$70,000 |
$69,000 |
$66,000 |
*Under SECURE 2.0, starting in 2025, the $7,500 ($3,500 for Simple IRAs) catch-up contribution limit is increased to $11,250 ($5,250 for Simple IRAs) for those who reach ages 60, 61, 62 and 63 during the year. Those turning 64 in 2025, for example, are permitted to use the $7,500 catch-up ($3,500 for Simple IRAs), but not the super catch-up.