2025 Retirement Plan Contribution Limits
By Rebecca Bitting, CTFA, CRSP
Vice President, Trust Officer
The Internal Revenue Service announced retirement plan contribution limits for 2025. In addition, a SECURE 2.0 Act rule change effective January 1, 2025, now enables participants who will be between the ages of 60 and 63 by the end of 2025 to make a 401(k), 403(b), 457(b) catch-up contribution up to $11,250 on top of the $23,500 standard contribution. The amount of the catch-up contribution for Simple IRAs is $5,250 for individuals who will be between the ages of 60 and 63 by the end of 2025.
If you have questions or would like more details, please contact our Certified Retirement Services Professional (CRSP), Rebecca Bitting at 563.388.2575