2025 Contribution Limits

CATCH-UP CONTRIBUTIONS. Under the Plan, if you are over 50, of if you turn 50 in the calendar year, you can make a $7,500 catch-up contribution as an additional elective deferral. Under a new law, if you turn 60, 61, 62, or 63 in 2025, that amount is increased by 50%. In the year you turn 64, the maximum catch-up returns to the regular dollar limit.

Example 1:  Participant turns 50 on December 1, 2025, their catch-up is $7,500 in 2025.

Example 2:  Participant turns 60 on December 1, 2025, their catch-up is $11,250 in 2025.

Example 3:  Participant turns 63 on December 1, 2025, their catch-up is $11,250 in 2025.

Example 4:  Participant turns 63 on December 1, 2024, their catch-up is $7,500 in 2025.