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Southern Pension Services Since 1997

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%
 

Southern Pension Services Since 1997

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