The new Retirement Plan Contribution Limits are official!
The following limits are going up for 2025:
• Maximum contributions for 401(k), 403(b) and 457 increases to $23,500
• Maximum contributions for highly compensated employees increased to $160,000
• Maximum contributions for SIMPLE retirement accounts increased to $16,500
• Maximum contributions for Defined Contribution Limit increased to $70,000
• NEW Super Catch-up for Age 60-63 is $11,250
Review the full list of contribution limit changes below and share with your plan participants!
CURTIS S. FARRELL, CFP®, AIF®
949.455.0300 x222
cfarrell@fmncc.com
ARAN SAHAGUN, CRPS®
949.455.0300 x210
asahagun@fmncc.com
Investment advisory services are offered by Financial Management Network, Inc. (“FMN”) and securities offered through FMN Capital Corporation, (“FMNCC”), member FINRA & SIPC.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
©401(k) Marketing, LLC. All rights reserved. Proprietary and confidential. Do not copy or distribute outside original intent.