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
Northeast Retirement Plan Advisors
Larry Kavanaugh, Jr. AIF®, CPFA, CLU, ChFC
950-A Union Rd.
Suite 31
Buffalo, NY 14224
716.674.6200x237
716.674.7000
Securities and advisory services offered through LPL Financial a registered investment advisor, 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.
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