Creative Benefit Strategies, Inc.
News & Updates
Maximum Retirement Plan Limits
Year
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Wage Limit
350,000
345,000
330,000
305,000
290,000
285,000
280,000
275,000
270,000
265,000
Social
Security
Wage Base
176,100
168,600
160,200
147,000
142,800
137,700
132,900
128,400
127,200
118,500
401(k) Deferral Limit
23,500
23,000
22,500
20,500
19,500
19,500
19,000
18,500
18,000
18,000
401(k) Catch-Up Limit
7,500*
7,500
7,500
6,500
6,500
6,500
6,000
6,000
6,000
6,000
Defined Contribution Plans - Contribution
Limit
70,000
69,000
66,000
61,000
58,000
57,000
56,000
55,000
54,000
53,000
Defined Benefit Plans - Benefit
Limit
280,000
275,000
265,000
245,000
230,000
230,000
225,000
220,000
215,000
210,000
Highly Compensated Employee
160,000
155,000
150,000
135,000
130,000
130,000
125,000
120,000
120,000
120,000
Key Employee Officer
230,000
220,000
215,000
200,000
185,000
185,000
180,000
175,000
175,000
170,000
*Super Catch-Up - For participants who are age 60, 61, 62 or 63 in 2025, the IRS is allowing increased catch-up contributions. Instead of regular catch-up of $7,500, eligible particpants may defer a total of $11,250 in catch-up.
"Creative Benefit Strategies has flawlessly attended to the numerous requirements for our plan."
- Mark Nearing, DDS