2024 and 2025 IRS 401(k) Contribution and Compensation Limits

ย  2025 Limitations 2024 Limitations
Annual Additions Maximum (415 Limit) $70,000 $69,000
Employee 401(k) Contributions (402(g) Limit) $23,500 $23,000
Catch-Up Contributions (Age 50 or Older) $7,500 $7,500
Catch-Up Contributions (Age 60 – 63) $11,250 $7,500
Highly Compensated Employee Threshold $160,000 $155,000
Key Employee Threshold $230,000 $220,000
Annual Compensation (401(a)(17)) Limit $350,000 $345,000
Social Security Wage Base $176,100 $168,600

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