Plan Limits
October 28, 2014 by admin
Filed under Uncategorized
COMMON RETIREMENT PLAN DOLLAR LIMITATIONS
| 2025 | 2024 | 2023 | |
| 401(k), 403(b), Profit Sharing Plans | |||
| Elective Deferral Limit | 23,500 | 23,000 | 22,500 |
| Catch-up Contributions | 7,500 | 7,500 | 7,500 |
| Compensation Limit | 350,000 | 345,000 | 330,000 |
| Annual Addition Limit | 70,000 | 69,000 | 66,000 |
| General | |||
| Taxable Wage Base | 176,100 | 168,600 | 160,200 |
| Highly Compensated Employee | 160,000 | 155,000 | 150,000 |
| Key Employee: | |||
| Officer | 230,000 | 220,000 | 215,000 |
| 1% Owner | 150,000 | 150,000 | 150,000 |
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