The new Retirement Plan Contribution Limits for 2025 are official!
The following limits are going up for 2025:
Maximum contributions for 401(k), increase to $23,500
Maximum income for highly compensated employees increase to $160,000
Maximum contributions for Defined Contribution Limit increase to $70,000
NEW Super Catch-up for Age 60-63 is $11,250 – Talk to CrossPlans about the viability, feasibility and practicality of adding to your Plan
Review the full list of contribution limit changes below and share with your plan participants!
CrossPlans
Dana Point, CA
714.210.4164
949.387.0611 Fax
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.
Kommentarer