IRS Limits on Benefits and Compensation

2025 2024 2023 2022 2021 2020
Compensation Limit $350,000 $345,000 $330,000 $305,000 $290,000 $285,000
Defined Contribution Annual Addition Limit $70,000 $69,000 $66,000 $61,000 $58,000 $57,000
Max. 401(k) Elective Deferral  $23,500 $23,000 $22,500 $20,500 $19,500 $19,500
401(k) Catch-Up Limit $7,500 $7,500 $7,500 $6,500 $6,500 $6,500
SIMPLE Elective Deferral Limit $16,500 $16,000 $15,500 $14,000 $13,500 $13,500
SIMPLE Catch-Up Limit $3,500 $3,500 $3,500 $3,000 $3,000 $3,000
HCE Threshold $160,000 $155,000 $150,000 $135,000 $130,000 $130,000
Soc. Sec. Taxable Wage Base $176,100 $168,600 $160,200 $147,000 $142,800 $137,700
Key Employee Officer Compensation $230,000 $220,000 $215,000 $200,000 $185,000 $185,000
Defined Benefit Annual Addition Limit $280,000 $275,000 $265,000 $245,000 $230,000 $230,000