Uniglobal can help you and your organization prepare for what's next.
by Uniglobal
On November 1, 2024, the IRS released the upcoming cost of living adjustments (COLA) for various retirement plan limitations that will take effect on January 1, 2025. Full COLA limits are reported by the IRS in IRS Notice 2024-80.
2025 brings increases across the board for many plan-specific dollar limitations, including the 401(k) deferral limit.
What's Not Increased?
Upcoming and Listed Limits enacted under SECURE
2025 IRS Select COLA Limits Summary Chart (full version)
Plan Section Limit | 2025 | 2024 | 2023 |
Maximum Defined Contribution Annual Additions | $70,000 | $69,000 | $66,000 |
Salary Deferral 401(k)/403(b) Limit | $23,500 | $23,000 | $22,500 |
Catch-Up Limit (Age 50 or Over) | $7,500 | $7,500 | $7,500 |
Maximum Compensation for Retirement Plan Purposes | $350,000 | $345,000 | $330,000 |
HCE Compensation Limit | $155,000 | $150,000 | $150,000 |
Key Employee Officer | $220,000 | $220,000 | $215,000 |
Social Security Taxable Wage Base | $176,100 | $168,600 | $160,200 |
Check out our full Contribution Limit page for all the COLA limits plus historical limits.
Learn more about these increases and how they impact your retirement plan by contacting Uniglobal and your Uniglobal consultant.
Additional information on limit changes for 2025 can be found in the IRS Retirement Topics page. The IRS page 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 expands on the highlights in this post. The IRS also provides a tool if you’d like to get a Retirement Savings Check-Up.