January 27, 2025

2025 Contribution Limits

Angela Keeley-White

A very good practice is to contribute enough of your salary to receive at least the employer match. Also, pay raises often present an easy opportunity to increase your deferral while reducing your adjusted gross income.

If you will be celebrating your 50th birthday this year, it is also a good time to make sure that your HR Department enables the ‘catch-up’ provision on your employer sponsored plan. This will help you meet the maximum contribution limits throughout the year.

The 2025 contribution limits for nearly all types of retirement plans are listed in the following chart [download in PDF form here]:

Qualified Plans
2024
2025
**It’s important to note that this change is optional for employers. Each plan sponsor will decide whether to implement this feature in their retirement plans.
401k, Roth 401k, and 403b plans
$23,000
$23,500
Catch-up for ages 50-59 OR 64 or older
$7,500
$7,500
Catch-up contribution for ages 60-63**
$11,250
457 Plans of tax exempt employers
$23,000
$23,500
Catch-up for ages 50-59 OR 64 or older
$7,500
$7,500
Catch-up contribution for ages 60-63**
$11,250
SIMPLE IRA or SIMPLE 401k plans
$16,000
$16,500
Catch-up for ages 50 & over
$3,500
$3,500
Limits on annual additions to SEP Plans
$69,000
$70,000
Traditional and Roth IRAs
$7,000
$7,000
Catch-up for ages 50 & over
$1,000
$1,000
HSA – single (employer & employee)
$4,150
$4,300
HSA – family (employer & employee)
$8,300
$8,550
Catch-up for ages 55 & over
$1,000
$1,000
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Posted

January 27, 2025

Angela Keeley-White is our Client Service Manager. She is responsible for managing our firm’s client communications, social media content, digital initiatives, and onboarding new clients.

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