Annual Limits

Annual Compensation and Contribution Limits for Qualified Retirement Plans

The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Code (IRC) requires the limits to be adjusted annually for cost-of-living increases. BCG is pleased to present this table for your convenience.

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 50+
7,500
7,500
7,500
6,500
401(k), 403(b), 457 Catch-up Contribution Limit 60-63
11,250
n/a
n/a
n/a
SIMPLE Deferral Limit
16,500
16,000
15,500
14,000
SIMPLE Catch-up Contribution Limit 50+
3,500
3,500
3,500
3,000
SIMPLE Catch-up Contribution Limit 60-63
5,250
n/a
n/a
n/a
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

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