Contribution
Limits
Stay on top of the latest limits
Contribution
Customized Plans Designed to Meet Your Needs
Defined Benefit Plans are a powerful retirement and tax-saving tools for business owners. DB plans allow for substantial contributions that offset high income taxes while building substantial retirement income.
At Mirador, we specialize in designing customized Defined Benefit Plans allowing for increased flexibility, higher contributions, and a strategic approach tailored to your financial goals.
| Plan Type | 2023 | 2024 | 2025 |
|---|---|---|---|
| 401(k), 403(b), 457 Elective Deferral | $22,500 | $23,000 | $23,500 |
| Catch-Up Contribution (Age 50+) | $7,500 | $7,500 | $7,500 |
| Super Catch-Up (Ages 60–63) | N/A | N/A | $11,250 |
| Defined Contribution Plan Limit | $66,000 | $69,000 | $70,000 |
| Defined Benefit Plan Annual Benefit Limit | $265,000 | $275,000 | $280,000 |
| Annual Compensation Limit | $330,000 | $345,000 | $350,000 |
| Highly Compensated Employee Threshold | $150,000 | $155,000 | $160,000 |
Stay Informed
Understanding these limits can help you make informed decisions about your retirement planning. For more detailed information or personalized advice, consider consulting with a financial advisor or tax professional.