Annual Plan Limits
| 2023 | 2024 | 2025 | |
| Compensation | $330,000 | $345,000 | $350,000 |
| Limits on Benefits and Contributions: | |||
| Defined Contribution Plans | $66,000 | $69,000 | $70,000 |
| Defined Benefit Plans | $265,000 | $275,000 | $280,000 |
| 401(k), 403(b) and 457 Plan Elective Deferrals | $22,500 | $23,000 | $23,500 |
| Catch-up Contributions: | |||
| 401(k), 403(b) and 457 Plans | $7,500 | $7,500 | $7,500* |
| "Highly Compensated" Definition | $150,000 | $155,000 | $160,000 |
| "Key Employee" Definition: | |||
| Officer | $215,000 | $220,000 | $230,000 |
| 1% Owner | $150,000 | $150,000 | $150,000 |
| *Under a change made in SECURE 2.0, a higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 who participate in these plans. For 2025, this higher catch-up contribution limit is $11,250 instead of $7,500. | |||