2025 Retirement Plan Contribution Limits
Author
The Internal Revenue Service (IRS) has released all retirement plan limits for the 2025 calendar year.
These limits are adjusted for inflation on an annual basis. In some cases, limits are the same as those in the calendar year 2024.
Benefit | 401(k) 403(b) Elective | Deferral Maximum 457(b) Non-qualified Deferred Compensation Limit | 414(v) Catchup Contribution Limit | 414(v) Catchup Contribution Limit (Age 60-63) | 415 Defined Contribution Annual Additional Maximum | 401(a)(17) Annual Compensation Limit | 414(q) Highly-Compensated Employee Limit | Social Security Wage Base | SIMPLE Employee Deferrals | 415 Defined Benefit Dollar Maximum | Health Savings Account (HSA) Limit | Health Savings Account Catch-Up Contribution (55 or older)(Single or Family) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $23,000 | $23,000 | $7,500 | N/A | $69,000 | $345,000 | $155,000 | $168,600 | $16,000 | $275,000 | $4,150 (Single) $8,300 (Family) | $1,000 |
2025 | $23,500 | $23,500 | $7,500 | $11,250 | $70,000 | $350,000 | $160,000 | $176,100 | $16,500 | $280,000 | $4,300 (Single) $8,550 (Family) | $1,000 |
Change | $500 Increase | $500 Increase | No Change | $3,750 Increase** | $1,000 Increase | $5,000 Increase | $5,000 Increase | $7,500 Increase | $500 Increase | $5,000 Increase | $150 Increase $250 Increase | No Change |
**Catch-up provisions for age 60-63 are new for 2025. In prior years this age group was limited to the normal catch-up provisions for those over the age of 50.
Download the 2025 Financial Bulletin to review contribution limit changes that may impact your company and employees.
Action Steps
- Update retirement plan designs for the new limits and make sure that plan administration will be consistent with the new limits in 2025.
- Communicate the new retirement plan limits to employees.
Interested in reading about other releases from the IRS? Check out this blog post, An Overview of Financial Relief Measures for Helene and Milton Victims.
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