Resources- Annual Limits
On an annual basis, the Internal Revenue Service announces cost-of-living adjustments applicable for qualified retirement plans and IRAs. Some plan limits remain unchanged because the increase in the Consumer Price Index did not meet the thresholds for their adjustments, while others rise. For 2021, highlights included an increase in the Maximum annual contribution and an increase in the Social Security taxable wage Catch-up limit from $137,700 to $142,800.
Altigro is pleased to offer this chart for your reference.
| 2025 | 2024 | 2023 | 2022 | ||
| 401(k) and 403(b) Deferral Limit | $23,500 | $23,000 | $22,500 | $20,500 | |
| 457 Deferral Limit | $23,500 | $23,000 | $22,500 | $20,500 | |
| 401(k), 403(b), 457 Catch-up Contribution Limit | $7,500 | $7,500 | $7,500 | $6,500 | |
| - Catch-up Contribution for Persons Age 60 - 63 | $11,250 | $0 | $0 | $0 | |
| SIMPLE Deferral Limit | $16,500 | $16,000 | $15,500 | $14,000 | |
| SIMPLE Catch-up Contribution Limit | $3,500 | $3,500 | $3,500 | $3,000 | |
| Annual Compensation Limit | $350,000 | $345,000 | $330,000 | $305,000 | |
| Defined Benefit 415 Limit | $280,000 | $275,000 | $265,000 | $245,000 | |
| Defined Contribution 415 Limit | $70,000 | $69,000 | $66,000 | $61,000 | |
| Dollar Limit for HCEs | $160,000 | $155,000 | $150,000 | $135,000 | |
| Dollar Limit for Key Employee | $230,000 | $220,000 | $215,000 | $200,000 | |
| Social Security Taxable Wage Base | $176,100 | $168,600 | $160,200 | $147,000 |