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 |
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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 | ||||||
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FICA Taxable Wage Base | $168,600 | $176,100 | ||||||
Maximum Compensation Limit | $345,000 | $350,000 | ||||||
Employer’s Deductible Contributions | 25% | 25% | ||||||