* 2026, 2025, and 2024 Pension Plan Limitations & SS Wage Base
11/13/2025
The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan is $24,500 for 2026, $23,500 for 2025 and $23,000 for 2024.
The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan is $8,000 for 2026 and $7,500 for both 2025 and 2024. New in 2025 and 2026, individuals aged 60-63 are eligible for a higher catch-up contribution limit of $11,250. This increased limit is only for individuals turning age 60-63 in 2025 or 2026.
The limit on annual contributions to an Individual Retirement Arrangement (IRA) is $7,500 for 2026 and $7,000 for both 2025 and 2024. The catch-up contribution to an IRA for individuals aged 50 and over is an additional $1,100 for 2026 and $1,000 for both 2025 and 2024.
The limitation for defined contribution plans under Section 415(c)(1)(A) is $72,000 for 2026, $70,000 for 2025 and $69,000 for 2024.
The annual compensation limit under Sections 401(a)(17), 404(l), 408(k)(3)(C) and 408(k)(6)(D)(ii) is $360,000 for 2026, $350,000 for 2025 and $345,000 for 2024.
The dollar limitation under Section 416(i)(1)(A)(i) concerning the definition of key employee in a top-heavy plan is $235,000 for 2026, $230,000 for 2025 and $220,000 for 2024.
The limitation used in the definition of highly compensated employee under Section 414(q)(1)(B) is $160,000 for both 2026 and 2025, and $155,000 for 2024.
The limitation under Section 408(p)(2)(E) regarding SIMPLE retirement accounts is $17,000 for 2026, $16,500 in 2025 and $16,000 for 2024. The catch-up contribution to a SIMPLE for individuals aged 50 and over is an additional $4,000 for 2026 and $3,500 for both 2025 and 2024. There are different catch-up limits for certain applicable SIMPLE plans due to Secure 2.0 and for individuals aged 60-63.
The taxable wage base for Social Security is $184,500 for 2026, $176,100 for 2025 and $168,600 for 2024.
The age for Required Minimum Distributions (RMDs) is 73.
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