Contribution Limits 2024-2025

Limits for Qualified Defined Contribution Plans

	Calendar Year
	2024	2025
Employee Salary Deferral Limit to 401(k) and 403(b) Plans Additional Employee Catch-up Deferrals (For employees Age 50-59 and over 63)	$23,000 $7,500	$23,500 $7,500
Additional Employee Catch-up Deferrals (For employees Age 60-63)	$0	$11,250
Defined Contribution Maximum Annual Addition (IRC § 415(c)2)	$69,000	$70,000
Definition of Highly Compensated Employees:     Employee Compensation Exceeding (Prior Year) An employee owning more than (current and prior year) $155,000 5% $160,000 5%
Definition of Key Employees:     Officers Earning in Excess of A more than 1% Owner Earning in Excess of An employee owning more than $220,000 $150,000 5% $230,000 $150,000 5%
FICA Taxable Wage Base	$168,600	$176,100
Maximum Compensation Limit	$345,000	$350,000
Employer’s Deductible Contributions	25%	25%