Annual Plan Limits
|
Limits for Benefits and Contributions: |
2025 |
2024 |
2023 |
2022 |
2021 |
|
Defined Contribution Plans |
$70,000 |
$69,000 |
$66,000 |
$61,000 |
$58,000 |
|
Defined Benefit Plans |
$280,000 |
$275,000 |
$265,000 |
$245,000 |
$230,000 |
|
401(k), 403(b) and 457 Plan Elective Deferrals |
$23,500 |
$23,000 |
$22,500 |
$20,500 |
$19,500 |
|
SIMPLE Plan Elective Deferrals |
$16,500 |
$16,000 |
$15,500 |
$14,000 |
$13,500 |
|
IRA |
$7,000 |
$7,000 |
$6,500 |
$6,000 |
$6,000 |
|
Limits for Catch-Up Contributions: |
|
|
|
|
|
|
401(k), 403(b) and 457 Plans |
$7,500 |
$7,500 |
$7,500 |
$6,500 |
$6,500 |
|
SIMPLE Plans |
$3,500 |
$3,500 |
$3,500 |
$3,000 |
$3,000 |
|
Top-Heavy "Key Employee" Definition: |
|
|
|
|
|
|
Officer |
$230,000 |
$220,000 |
$215,000 |
$200,000 |
$185,000 |
|
1% Owner |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
|
Social Security Taxable Wage Base |
$176,100 |
$168,600 |
$160,200 |
$147,000 |
$142,800 |
|
Other Defined Limits |
|
|
|
|
|
|
Compensation |
$350,000 |
$345,000 |
$330,000 |
$305,000 |
$290,000 |
|
"Highly Compensated Employee" |
$160,000 |
$155,000 |
$150,000 |
$135,000 |
$130,000 |