Below we've compiled a list of the most useful resource links for our clients. For your convenience, feel free to bookmark this page so you have quick access to the links you need.
Click on the drop down and choose your provider to get information on how to manage the distribution process when someone terminates employment.
Click on the drop down and choose your provider to get information on how to manage the enrollment process.
Click on the drop down to learn how to handle when employees are re-hired.
| Type | 2024 | 2023 | 2022 |
|---|---|---|---|
| Contribution and Benefit Limits | |||
| Elective Deferral Limit | $23,000 | $22,500 | $20,500 |
| Catch-Up Contributions | $7,500 | $7,500 | $6,500 |
| Annual Contribution Limit | $69,000 | $66,000 | $61,000 |
| Annual Contribution Limit including Catch-Up Contributions | $76,500 | $73,500 | $67,500 |
| Annual Benefit Limit | $275,000 | $265,000 | $245,000 |
| Compensation Limits | |||
| Maximum Plan Compensation | $345,000 | $330,000 | $305,000 |
| Income Subject to Social Security | $168,600 | $160,200 | $147,000 |
| Key EE Compensation Threshold | $220,000 | $215,000 | $200,000 |
| Highly Compensated EE Threshold | $155,000 | $150,000 | $135,000 |
| IRA Limits | |||
| SIMPLE Plan Elective Deferrals | $16,000 | $15,500 | $14,000 |
| SIMPLE Catch-Up Contributions | $3,500 | $3,500 | $3,000 |
| Individual Retirement Account (IRA) | $7,000 | $6,500 | $6,000 |
| IRA Catch-Up Contribution | $1,000 | $1,000 | $1,000 |