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guidance.

Looking for answers without the runaround? This is where you’ll find them. From clear guides and tools to straight-talking insights, this is where you get the facts. Clear guides, practical tools, and plain answers to the questions that keep cropping up.

Limits

Every year the numbers shift. Contribution caps, compensation thresholds, catch-ups - easy to miss, and costly if you do. This page keeps it simple: the latest limits in one place, clear and up to date, so you don’t have to dig through IRS releases.

Limit	Pro-Rate for Short Year	2025	2024	2023	2022	2021
Annual Compensation	Yes	$350,000	$345,000	$330,000	$305,000	$290,000
Minimum Compensation: SEP	No	$750	$750	$700	$650	$650
Elective Deferrals: 401(k)	No	$23,500	$23,000	$22,500	$20,500	$19,500
Elective Deferrals: SIMPLE	No	$16,500	$16,000	$15,500	$14,000	$13,500
Elective Deferrals: 457	No	$23,500	$23,000	$22,500	$20,500	$19,500
Catch-Up Contributions: 401(k)	No	$7,500	$7,500	$7,500	$6,500	$6,500
Catch-Up Contributions: 401(k) (Ages 60-63)	No	$11,250	-	-	-	-
Catch-Up Contributions: SIMPLE	No	$3,500	$3,500	$3,500	$3,000	$3,000
Catch-Up Contributions: SIMPLE (Ages 60-63)	No	$5,250	-	-	-	-
415 Limit: Defined Benefit Plans	Yes	$280,000	$275,000	$265,000	$245,000	$230,000
415 Limit: Defined Contribution Plans	Yes	$70,000	$69,000	$66,000	$61,000	$58,000
Social Security Wage Base	Yes	$176,100	$168,600	$160,200	$147,000	$142,800

Testing Limits

Limit	Pro-Rate for Short Year	2025	2024	2023	2022	2021
HCE Determination: Compensation	Yes	$350,000	$345,000	$330,000	$305,000	$290,000
Key Employee: Officer Compensation	No	$230,000	$220,000	$215,000	$200,000	$185,000
Key Employee: 1% Owner Compensation	No	$150,000	$150,000	$150,000	$150,000	$150,000

Limit	Pro-Rate for Short Year	2025	2024	2023
Annual Compensation	Yes	$350,000	$345,000	$330,000
Minimum Compensation: SEP	No	$750	$750	$700
Elective Deferrals: 401(k)	No	$23,500	$23,000	$22,500
Elective Deferrals: SIMPLE	No	$16,500	$16,000	$15,500
Elective Deferrals: 457	No	$23,500	$23,000	$22,500
Catch-Up Contributions: 401(k)	No	$7,500	$7,500	$7,500
Catch-Up Contributions: 401(k) (Ages 60-63)	No	$11,250	-	-
Catch-Up Contributions: SIMPLE	No	$3,500	$3,500	$3,500
Catch-Up Contributions: SIMPLE (Ages 60-63)	No	$5,250	-	-
415 Limit: Defined Benefit Plans	Yes	$280,000	$275,000	$265,000
415 Limit: Defined Contribution Plans	Yes	$70,000	$69,000	$66,000
Social Security Wage Base	Yes	$176,100	$168,600	$160,200

Testing Limits

Limit	Pro-Rate for Short Year	2025	2024	2023
Annual Compensation	Yes	$350,000	$345,000	$330,000
Minimum Compensation: SEP	No	$750	$750	$700
Elective Deferrals: 401(k)	No	$23,500	$23,000	$22,500
Elective Deferrals: SIMPLE	No	$16,500	$16,000	$15,500
Elective Deferrals: 457	No	$23,500	$23,000	$22,500
Catch-Up Contributions: 401(k)	No	$7,500	$7,500	$7,500
Catch-Up Contributions: 401(k) (Ages 60-63)	No	$11,250	-	-
Catch-Up Contributions: SIMPLE	No	$3,500	$3,500	$3,500
Catch-Up Contributions: SIMPLE (Ages 60-63)	No	$5,250	-	-
415 Limit: Defined Benefit Plans	Yes	$280,000	$275,000	$265,000
415 Limit: Defined Contribution Plans	Yes	$70,000	$69,000	$66,000
Social Security Wage Base	Yes	$176,100	$168,600	$160,200

Questions answered.

When questions come up – and they always do - AskErisa is where you’ll find the answers. Think of it as a direct line to guidance that’s accurate, plain-speaking, and practical. It’s built to support employers who don’t want theory, just clarity, whenever they need it.

Useful links.

We’ve gathered the most useful official sites, research hubs, and calculators in one place. Head to our Resources page to get the links that matter.

Get to know
the basics.

Want a straight answer on how workplace retirement plans actually work? Start with Plan Basics 101 – a simple guide that walks you through the essentials, without the jargon.