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ARTICLE · 07 NOVEMBER 2024

Retirement Plan Contribution Limits Announced For 2025

The IRS recently released Notice 2024-80 to announce cost-of-living adjustments to the indexed dollar limits applicable to retirement plans.

United StatesEmployment and HR

The IRS recently released Notice 2024-80 to announce cost-of-living adjustments to the indexed dollar limits applicable to retirement plans. The chart below shows how the 2025 limits compare to the 2024 limits. Most importantly, the new IRS guidance addresses the SECURE 2.0 change to the catch-up contribution limit for participants aged 60 to 63; this "super-catch-up" is effective January 1, 2025.

TYPE OF LIMIT 2024 2025
Defined Benefit Annual Benefit $275,000 $280,000
Defined Contribution Annual Contribution $69,000 $70,000
401(k)/403(b) Elective Deferrals $23,000 $23,500
Catch-Up Contributions (Ages 50+) $7,500 $7,500 (no change)
Catch-Up Contributions (Ages 60-63 Only)1

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