Annual Limits

The IRS 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. ASC Trust is pleased to present this table for your convenience.

Annual Compensation and Contribution Limits for Qualified Retirement Plans

2025202420232022
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$7,500$7,500$7,500$6,500
 - Catch-up Contribution for Persons Age 60 - 63$11,250$0$0$0
SIMPLE Deferral Limit$16,500$16,000$15,500$14,000
SIMPLE Catch-up Contribution Limit$3,500$3,500$3,500$3,000
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