| Code Section | Explanation | 2025 | 2024 |
|---|---|---|---|
| 402(g)(1) Elective Deferrals | Maximum amount employees can contribute to a 401(k) or 403(b) Plan | $23,500 | $23,000 |
| 414(q)(1)(B) Highly Compensated Employee Threshold | Compensation amount used to determine Highly Compensated Employees (Lookback year) | $160,000 | $155,000 |
| 414(v)(2)(B)(i) Catch-up Contributions | Additional amount those over age 50 can contribute to a 401(k) or 403(b) plan | $7,500 | $7,500 |
| 415(c)(1)(A) Defined Contribution Limits | Annual limit on all contributions (employee and employer) for 401(k) and 403(b) plans | $70,000 | $69,000 |
| 457(b)(2) and 457(c)(1) Limits | Maximum amount an employee and/or employer can contribute to a 457 Plan | $23,500 | $23,000 |
| Annual Compensation Limit | Maximum Compensation for Qualified Plan Purposes | $350,000 | $345,000 |
| Taxable Wage Base | Social Security wage base | $176,100 | $168,600 |
| Benefits | 2025 | 2024 |
|---|---|---|
| Maximum Health FSA Election | $3,300 | $3,200 |
| Maximum Dependent Care FSA Election | $5,000 | $5,000 |
| HSA Max. Contribution (Single) | $4,300 | $4,150 |
| HSA Max. Contribution (Family) | $8,500 | $8,300 |
| HSA Catch-Up Contribution (55 and over) | $1,000 | $1,000 |
| HDHP Min. Annual Deductible (Single) | $1,650 | $1,600 |
| HDHP Min. Annual Deductible (Family) | $3,300 | $3,200 |
| HDHP Out of Pocket Max. (Single) | $8,300 | $8,050 |
| HDHP Out of Pocket Max. (Family) | $16,600 | $16,100 |
| Parking Max. Monthly Reimbursement | $325 | $300 |
| QSEHRA Max. Reimbursement (Single) | $6,350 | $6,150 |
| QSEHRA Max. Reimbursement (Family) | $12,800 | $12,450 |
| Transit Max. Monthly Reimbursement | $325 | $315 |
| Mileage Rate (for medical treatment) | $.21/mi | $0.22/mi |
| Annual Threshold of Highly Compensated Employee | $155, 000 | $155,000 |
| Annual Salary Threshold of Key Employee (officer/owners earning over) | $220,000 | $220,000 |
