Retirement Plan Limits
At Premier Plan Consultants, we strive to keep you informed on retirement plan topics and changes. Below is a snapshot of the previous three year’s retirement plan funding limits and information on this year’s maximum funding levels.
For more information and/or questions about how you and your business can utilize this information to align with your retirement plan goals, please give us a call today.
Retirement Plan Funding Progression
| Year | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Annual Compensation | $330,000 | $345,000 | $350,000 | $360,000 |
| Taxable Wage Base | $160,200 | $168,200 | $176,100 | $184,500 |
| Highly Compensated | $150,000 | $155,000 | $160,000 | $160,000 |
| Highly Paid Individual | NA | NA | $145,000 | $150,000 |
| Defined Contribution | $66,000 | $69,000 | $70,000 | $72,000 |
| Contribution Limit | $22,500 | $23,000 | $23,500 | $24,500 |
| Catch-up Contribution | $7,500 | $7,500 | $7,500 | $8,000 |
| Defined Benefit | $265,000 | $275,000 | $280,000 | $290,000 |
| SIMPLE 401(k) Limit | $15,500 | $16,000 | $16,500 | $17,000 |
| SIMPLE 401(k) Catch-up | $3,500 | $3,500 | $3,500 | $4,000 |
| IRA | $6,500 | $7,000 | $7,000 | $7,500 |
| IRA Catch-up | $1,000 | $1,000 | $1,000 | $1,100 |
