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
| 2025 | 2024 | 2023 | 2022 | ||
| 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 |
