| LIMITATION TYPE | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Elective Deferrals (401(k) and 403(b); not including adjustments and catch-ups) | $23,500 | $23,000 | $22,500 | $20,500 |
| 457(b)(2) and 457(c)(1) Limits (not including catch-ups) | $23,500 | $23,000 | $22,500 | $20,500 |
| Section 414(v) Catch-Up Contributions (Age 50+) | $7,500 | $7,500 | $7,500 | $6,500 |
| Catchup Contributions (Age 60-63) | $11,250 | N/A | N/A | N/A |
| Defined Benefit Plans | $280,000 | $275,000 | $265,000 | $245,000 |
| Defined Contribution Plans (annual additions limit) | $70,000 | $69,000 | $66,000 | $61,000 |
| Annual Compensation Limit | $350,000 | $345,000 | $330,000 | $305,000 |
| Annual Compensation Limit for Grandfathered Participants in Governmental Plans Which Followed 401(a)(17) Limits (With Indexing) on July 1, 1993 | $520,000 | $505,000 | $490,000 | $450,000 |
| Highly Compensated Employee (“HCEs”) | $160,000 | $155,000 | $150,000 | $135,000 |
| Key Employee/Officer | $230,000 | $220,000 | $215,000 | $200,000 |
| Individual Retirement Accounts (“IRAs”), for individuals 49 and below | $7,000 | $7,000 | $6,500 | $6,000 |
| Individual Retirement Accounts (“IRAs”), for individuals 50 and above | $8,000 | $8,000 | $7,500 | $7,000 |
| SIMPLE Retirement Accounts | $16,500 | $16,000 | $15,500 | $14,000 |
| SEP Coverage | $750 | $750 | $750 | $650 |
| SEP Compensation | $350,000 | $345,000 | $330,000 | $305,000 |
| Tax Credit ESOP Maximum Balance | $1,415,000 | $1,380,000 | $1,330,000 | $1,230,000 |
| Amount for Lengthening of 5-Year ESOP Period | $280,000 | $275,000 | $265,000 | $245,000 |
| Maximum Amount for Qualified Longevity Annuity Contract Purchases | $210,000 | $200,000 | $155,000 | $145,000 |
| Income Subject to Social Security Tax | $168,600 | $168,600 | $160,200 | $147,000 |
| FICA Tax for employers | 7.65% | 7.65% | 7.65% | 7.65% |
| FICA Tax for employees | 7.65% | 7.65% | 7.65% | 7.65% |
| Social Security Tax for employers | 6.20% | 6.20% | 6.20% | 6.20% |
| Social Security Tax for employees | 6.20% | 6.20% | 6.20% | 6.20% |
| Medicare Tax for employees and employers | 1.45% | 1.45% | 1.45% | 1.45% |
| SECA Tax for self-employed workers | 15.30% | 15.30% | 15.30% | 15.30% |
| Social Security Tax for self-employed workers | 12.40% | 12.40% | 12.40% | 12.40% |
| Medicare Tax for self-employed workers | 2.90% | 2.90% | 2.90% | 2.90% |
