Contribution Limits 2024-2025

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
$11,250

Additional Employee Catch-up Deferrals
(For employees Age 60-63)

$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%