26 Years of Exceptional Service
Annual Plan Limits
See the most up-to-date contribution and benefit limits, compensation limits, and IRA limits
Each year, the US government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the "plan year" as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.
|
Annual Plan Limits |
2025 |
2024 |
2023 |
|
Contribution and Benefit Limits |
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|
Elective Deferral Limit |
$23,500 |
$23,000 |
$22,500 |
|
Catch-Up Contributions (age 50-59 and over 63) |
$7,500 |
$7,500 |
$7,500 |
|
Catch-Up Contributions (age 60-63) |
$11,250 |
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|
Annual Contribution Limit |
$70,000 |
$69,000 |
$66,000 |
|
Annual Contribution Limit including Catch-Up Contributions (age 50-59 and over 63) |
$77,500 |
$76,500 |
$73,500 |
|
Annual Contribution Limit including Catch-Up Contributions (age 60-63) |
$81,250 |
$76,500 |
$73,500 |
|
Annual Defined Benefit Limit Compensation Limits |
$280,000 |
$275,000 |
$265,000 |
|
Maximum Plan Compensation |
$350,000 |
$345,000 |
$330,000 |
|
Income Subject to Social Security |
$176,100 |
$168,600 |
$160,200 |
|
Key EE Compensation Threshold |
$230,000 |
$220,000 |
$215,000 |
|
Highly Compensated EE Threshold |
$160,000 |
$155,000 |
$150,000 |
|
IRA Limits |
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|
SIMPLE Plan Elective Deferrals |
$16,500 |
$16,000 |
$15,500 |
|
SIMPLE Catch-Up Contributions |
$3,500 |
$3,500 |
$3,500 |
|
Individual Retirement Account (IRA) |
$7,000 |
$7,000 |
$6,500 |
|
IRA Catch-Up Contribution |
$1,000 |
$1,000 |
$1,000 |