Plan Limits & Cost of Living Adjustments
IRS Announces 2026 Plan Limits
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| 401(k) Elective Deferrals | $24,500 | $23,500 | $23,000 |
| Catch-Up Contributions Age Over 50 | $8,000 | $7,500 | $7,500 |
| Catch-Up Contributions Age 60-63 | $11,250 | $11,250 | -- |
| Defined Contribution Plan Limit | $72,000 | $70,000 | $69,000 |
| Defined Benefit Plan Annual Benefit Limit | $290,000 | $280,000 | $275,000 |
| Compensation Limit | $360,000 | $350,000 | $345,000 |
| Top Heavy Key Employee | $235,000 | $230,000 | $220,000 |
| Highly Compensated Employee | $160,000 | $160,000 | $155,000 |
For additional resources, please visit the IRS website.
Social Security Administration Announces 2026 Cost of Living Adjustments
| 2026 | 2025 | 2024 | |
|---|---|---|---|
Taxable Wage Base |
$184,500 | $176,100 | $168,600 |
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