Plan Limits
Limits On Compensation
| Plan Limits | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 401(k), 403(b), and 457, and Defined Benefit Plans | $350,000 | $345,000 | $330,000 | $305,000 | $290,000 |
| Social Security Wage Base | $176,100 | $168,600 | $160,200 | $147,000 | $142,800 |
Limits on Benefits and Contributions
| Plan Limits | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 401(k), 403(b), and 457 Plan Elective Deferrals | $23,500 | $23,000 | $22,500 | $20,500 | $19,500 |
| Starter(k) Elective Deferrals | $6,000 | $6,000 | |||
| Defined Benefit Plans | $280,000 | $275,000 | $265,000 | $245,000 | $230,000 |
| Defined Contribution Total Additions | $70,000 | $69,000 | $66,000 | $69,000 | $58,000 |
| SIMPLE Plan Elective Deferrals | $16,500 | $16,000 | $15,500 | $16,000 | $13,500 |
| IRA Contributions | $7,000 | $7,000 | $6,500 | $7,000 | $6,000 |
| HCE "Highly Compensated Employee" Definition | $160,000 | $155,000 | $150,000 | $155,000 | $130,000 |
Catch Up Contributions
| Plan Limits | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 401(k), 403(b), and 457 Plan Age 50 Catchup Contributions | $7,500 | $7,500 | $7,500 | $6,500 | $6,500 |
| 401(k), 403(b), and 457 Plan Age 60 to 63 Catchup Contributions | $11,250 | ||||
| Starter(k) Age 50 Catchup Contributions | $1,000 | $1,000 | |||
| SIMPLE Plan Age 50 Catchup Contributions | $3,500 | $3,500 | $3,000 | $3,000 | $3,000 |
| SIMPLE Plan Age 60 to 63 Catchup Contributions | $5,250 | ||||
| IRA Catchup Contributions | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
"Key Employee" Definition
| Plan Limits | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Officer | $230,000 | $220,000 | $215,000 | $200,000 | $185,000 |
| 1% Owner | $150,000 | $150,000 | $150,000 | $150,000 | $150,000 |
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