Plan Limits

401(k) PLANS/403(b) PLANS                                                                                        2025               2026

The calendar year limitation on elective deferrals under IRC §402(g)(1).             $23,500        $24,500

Catch-up contribution amount under IRC §414(v)(2)(B)(i) for participants               $7,500          $8,000

who are age 50 or older by the last day of the calendar year.

Additional Catch-up contribution amount for ages 60 – 63 in 2025.                              $3,750          $3,250

DEFINED CONTRIBUTION PLAN LIMITATION

The limitation for defined contribution plans (Profit Sharing,                                    $70,000       $72,000

401(k), Money Purchase) under IRC §415(c)(1)(A). This code

section limits the allocation of contribution (salary deferral, match,

employer contribution) to a participant to the lesser of 100%

of compensation or this amount. Catch-up contributions (see

above) may be made in addition to this amount.

HIGHLY COMPENSATED EMPLOYEE

Compensation for purposes of defining highly compensated                                     $160,000     $160,000

employees under IRC §414(q)(1)(B). A highly compensated

employee is as follows:

1) More than 5% owner (and family members under stock attribution rules)

2) Employee earning over the above amount in the prior plan year*

This means if you earn over $150,000 during the Plan Year beginning in

2023* then you will be considered a highly compensated employee for

the plan year beginning in 2024.

*and, if elected, are in the top 20% of employees, ranked by compensation

COMPENSATION LIMIT

The annual compensation limit under IRC §401(a)(17) and                                       $350,000   $360,000

404(l). This is the maximum compensation amount which can

be used for contribution allocations and discrimination testing.

KEY EMPLOYEE

Compensation for purposes of defining key employee under                                     $230,000    $235,000

IRC §416(i)(1)(A)(i).