| Contribution Limits |
2024 |
2025 |
| 401(k) / 403(b) / 457(b) elective deferrals |
$23,000 |
$23,500 |
| Catch-up contributions |
$7,500 |
$7,500 |
| Catch-up contribution — Age 60-63 |
|
$11,250 |
| DC Plan combined annual contribution limit |
$69,000 |
$70,000 |
| Annual compensation limit |
$345,000 |
$350,000 |
| Highly compensated employee threshold |
$155,000 |
$160,000 |
| Top heavy key employee dollar limit |
$220,000 |
$230,000 |
| Social Security taxable wage base |
$168,600 |
$176,100 |
| SIMPLE Plan contribution limit |
$16,000 |
$16,500 |
| SIMPLE Plan catch-up |
$3,500 |
$3,500 |
| SIMPLE plan catch-up — Age 60-63 |
|
$5,250 |
| Defined Benefit Annual Benefit Limit |
$275,000 |
$280,000 |
| IRA contribution limit |
$7,000 |
$7,000 |
| IRA catch-up |
$1,000 |
$1,000 |
