Keeping up with Annual Defined Contribution
Plan Limits
IRS Limits |
|||
Item |
2025 |
2024 |
2023 |
401(k) / 403(b) Elective Deferrals |
$23,500 |
$23,000 |
$22,500 |
Catch-Up Contributions |
$7,500 |
$7,500 |
$7,500 |
New SECURE 2.0 Catch-Up Deferral (Age 60-63) |
$11,250 |
NA |
NA |
Annual Compensation Limit |
$350,000 |
$345,000 |
$330,000 |
Annual Contribution Limit |
$70,000 |
$69,000 |
$66,000 |
Annual Benefit Limit |
$280,000 |
$275,000 |
$265,000 |
Highly Compensated Employee (SBJPA Simplified Definition) |
$160,000 |
$155,000 |
$150,000 |
Social Security Wage Base |
$176,100 |
$168,600 |
$160,200 |
At PNC Institutional Asset Management® (IAM), we help plan sponsors understand and meet their fiduciary obligations. We serve as a retirement plan advisor to companies and offer financial education to their employees. Our team would love to provide a free review of your retirement plan and share the latest research on building effective employee financial education campaigns.