Annual Plan Limits
The following are the IRS released limits for 2024:
| Limit Type | 2025 | 2024 | 2023 | 2022 |
| Maximum DB Plan Benefit (IRC §415(b)) (applies to limitation years ending in indicated year) | $280,000 | $275,000 | $265,000 | $245,000 |
| Max DC Annual Addition (IRC §415(c)) (applies to limitation years ending in indicated year | $70,000 | $69,000 | $66,000 | $61,000 |
| Salary Deferral Limit (IRC §402(g)) | $23,500 | $23,000 | $22,500 | $20,500 |
| Catch-up Limit for 401(k), 403(b), 457 plans (applies to calendar year) | $7,500 | $7,500 | $7,500 | $6,500 |
| Catch-up Limit (age 60-63) for 401(k), 403(b), 457 plans (applies to calendar year) | $11,250 | |||
| HCE Compensation (applies to lookback years in indicated year) | $160,000 | $155,000 | $150,000 | $135,000 |
| Max Plan Compensation for Retirement Plan Purposes (IRC §401(a)(17)) (applies to plan years beginning in indicated year) | $350,000 | $345,000 | $330,000 | $305,000 |
| Key Employee: Officer | $230,000 | $220,000 | $215,000 | $200,000 |
| Key Employee: 1% Owner | $150,000 | $150,000 | $150,000 | $150,000 |
| Social Security Taxable Wage Base for OASDI Contributions | $176,100 | $168,600 | $160,200 | $147,000 |
| Maximum Domestic Abuse Distribution (IRC §72(t)(2)(K)(ii)(1)) | $10,300 | $10,000 | ||
| 457(b) Contribution Limit | $23,500 | $23,000 | $22,500 | $20,500 |
| Starter 401(k) Deferral-only Arrangement Limit | $6,000 | $6,000 | ||
| Starter 401(k) Deferral-only Catch-Up | $1,000 | $1,000 | ||
| SIMPLE Salary Deferral Limit | $16,500 | $16,000 | $15,500 | $14,000 |
| SIMPLE Salary Deferral Limit ( <50 participants or larger election) (IRC §408(p)(2)(E)(i)(l)) | $17,600 | |||
| SIMPLE Catch-up Limit | $3,500 | $3,500 | $3,500 | $3,000 |
| SIMPLE Catch-up Limit (age 60-63) | $5,250 | |||
| SIMPLE Nonelective Contribution Limit | $5,100 | $5,000 | ||
| IRA Contribution Limit (IRC §219(b)(5)(A)) | $7,000 | $7,000 | $6,500 | $6,000 |
| IRA Catch-up Limit (IRC §219(b)(5)(B)(iii)) | $1,000 | $1,000 | ||
| SEP Threshold | $750 | $750 | $750 | $650 |