HELPING BUILD GOALS AND DREAMS
| 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.
| Compensation | 2025 | 2024 | 2023 |
|---|---|---|---|
| Annual Compensation Cap | $350,000 | $345,000 | $330,000 |
| *Highly Compensated Employee Threshold* | $160,000 | $155,000 | $150,000 |
| Key Employee Compensation Threshold | $230,000 | $220,000 | $215,000 |
| Employee Compensation Limit for the Employer Contribution Tax Credit | $105,000 | $100,000 |
*An employee earning over $155,000 in 2024 will be treated as highly compensated in 2025. An employee earning over $160,000 in 2025 will be treated as highly compensated in 2026.*
| Defined Benefit Plans | 2025 | 2024 | 2023 |
|---|---|---|---|
| DB Plan Annual Benefit Limit | $280,000 | $275,000 | $265,000 |
| Max Lump Sum at Age 62 | $3.587 million | $3.4 million | $3.419 million |
| Social Security | 2025 | 2024 | 2023 |
|---|---|---|---|
| Social Security Taxable Wage Base | $176,100 | $168,600 | $160,200 |