2025 Limits for Employee Benefit Plans

Retirement Plan Limits

2022

2023

2024

2025

Elective Salary Deferrals (401(k) & 403(b) & 457)

$20,500

$22,500

$23,000

$23,500

SIMPLE Employee Deferrals

$14,000

$15,500

$16,000

$16,500

Catch-Up Contribution (age 50 or older)

$6,500

$7,500

$7,500

$7,500

Higher Catch-Up Contribution for Employees Aged 60, 61, 62 and 63 SIMPLE Catch-Up Contributions (age 50 or older) Higher SIMPLE Catch-Up Contributions for Employees Aged 60, 61, 62 and 63 Maximum Compensation (includes maximum SEP compensation)

N/A

N/A

N/A

$11,250

$3,000

$3,500

$3,500

$3,500

N/A

N/A

N/A

$5,250

$305,000

$330,000

$345,000

$350,000

Maximum Benefit for Defined Benefit Plan

$245,000

$265,000

$275,000

$280,000

Maximum Annual Addition for Defined Contribution Plan

$61,000

$66,000

$69,000

$70,000

Pay Threshold to Determine HCE

$135,000

$150,000

$155,000

$160,000

Officer Pay Threshold To Determine Key Employee

$200,000

$215,000

$220,000

$230,000

Social Security Taxable Wage Base (OASDI)

$147,000

$160,200

$168,600

$176,100

SEP - Minimum Compensation

$650

$750

$750

$750

ESOP – Determining the Length of the General Five-Year Distribution Period ESOP – Maximum Account Balance subject to Five-Year Distribution Period

$245,000

$265,000

$275,000

$280,000

$1,230,000 $1,330,000 $1,380,000 $1,415,000

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