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Annual Plan Limits

Each year the U.S. 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.

Type 2025 2024 2023
Contribution and Benefit Limits
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 (ages 60-63) $11,250
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 Benefit Limit $280,000 $275,000 $265,000
Compensation Limits
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
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

 

     


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