The new Retirement Plan Contribution Limits are official!
The following limits are going up for 2025:
Maximum contributions for 401(k), 403(b) and 457 increases to $23,500
Maximum contributions for highly compensated employees increased to $160,000
Maximum contributions for SIMPLE retirement accounts increased to $16,500
Maximum contributions for Defined Contribution Limit increased to $70,000
NEW Super Catch-up for Age 60-63 is $11,250
Review the full list of contribution limit changes below and share with your plan participants!
Retirement Partners of Hawai`i
1003 Bishop Street
Pauahi Tower, Suite 880
Honolulu, Hawai`i 96813
Phone: (808) 681-7799
Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
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