On October 30th, 2018, the Internal Revenue Service announced 2019 cost-of-living adjustments applicable for qualified retirement plans and IRAs. Most plan limits will remain unchanged because the increase in the Consumer Price Index did not meet the thresholds for their adjustments. Latitude is pleased to provide this table for your convenience.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| 401(k) and 403(b) Deferral Limit | $23,500 | $23,000 | $22,500 | $20,500 | $19,500 |
| 457 Deferral Limit | $23,500 | $23,000 | $20,500 | $20,500 | $19,500 |
| 401(k), 403(b), 457 Catch-up Contribution Limit | $7,500 | $7,500 | $7,500 | $6,500 | $6,500 |
| SIMPLE Deferral Limit | $16,500 | $16,000 | $15,500 | $14,000 | $13,500 |
| SIMPLE Catch-up Contribution Limit | $3,500 | $3,500 | $3,500 | $3,000 | $3,000 |
| Annual Compensation Limit | $350,000 | $345,000 | $330,000 | $305,000 | $290,000 |
| Defined Benefit 415 Limit | $280,000 | $275,000 | $265,000 | $245,000 | $230,000 |
| Defined Contribution 415 Limit | $70,000 | $69,000 | $66,000 | $61,000 | $58,000 |
| Dollar Limit for HCEs | $160,000 | $155,000 | $150,000 | $135,000 | $130,000 |
| Dollar Limit for Key Employee | $230,000 | $220,000 | $215,000 | $200,000 | $185,000 |
| Social Security Taxable Wage Base | $176,100 | $168,600 | $160,200 | $147,000 | $142,800 |