May 12, 2025 | 4-5 Minute Read A major roadblock for victims of domestic abuse can be what it
May 12, 2025 | 5-6 Minute Read SECURE 2.0 has given plan sponsors of 401(k), 403(b), and governmental 457
May 14, 2025 | 7-9 Minute Read SECURE 2.0 introduced several withdrawal options to allow participants of 401(k), 403(b),
May 3, 2025 | 3-4 Minute Read As part of SECURE 2.0, the involuntary distribution threshold (also known as the
June 6, 2025 | 6-7 Minute Read One of the roadblocks many Americans face in saving adequately for retirement
June 10, 2025 | 4-5 Minute Read SECURE 2.0 provides a new optional tool for sponsors of 401(k) and
June 11, 2025 | 4-5 Minute Read One of the roadblocks many active-duty miliary families face in saving adequately
July 2, 2025 | 2-3 Minute Read The Employee Retirement Income Security Act passed by Congress in 1974 (ERISA), requires
August 2, 2025 | 3-5 Minute Read It may not seem like a big deal for deposits to be a
March 3, 2026 | 9-12 Minute Read IRC §410(b) Coverage Testing is one of the required annual compliance tests for
Each year the U.S. government adjusts the limits for qualified plans and Social Security to reflect cost-of-living adjustments and changes in the law. Many of these limits are based on the “plan year” as defined in the plan document. The elective deferral and catch-up limits are always based on the calendar year.
| Limitation | 2026 | 2025 | 2024 |
|---|---|---|---|
| Maximum annual pretax and/or Roth elective deferrals for employees under age 50 (401(k), 403(b), and governmental 457(b) plans). | $24,500 | $23,500 | $23,000 |
| “Catch-up” pretax and/or Roth contribution for employees who turn age 50 by the last day of the calendar year (401(k), 403(b), and governmental 457(b) plans). | $8,000 | $7,500 | $7,500 |
| “Catch-up” pretax and/or Roth contribution for employees who are age 60-63 by the last day of the calendar year (401(k), 403(b), and governmental 457(b) plans). | $11,250 | $11,250 | N/A |
| Maximum annual additions limit of combined employee and employer contributions for 401(k) or 403(b) plans (Catch-up contributions are not counted towards limit). | $72,000 | $70,000 | $69,000 |
| Income limit used to determine following years highly compensated employees (HCE). “HCE” in 2022 will include an employee paid more than $130,000 in 2021. “HCE” in 2023 will include an employee paid more than $135,000 in 2022. “HCE” in 2024 will include an employee paid more than $150,000 in 2023. | $160,000 | $160,000 | $155,000 |
| Annual Compensation Limit (Compensation above this limit is not counted for plan purposes). | $360,000 | $345,000 | $330,000 |
| Threshold for High Earners who are required to contribute Catch-Up Contributions on a Roth Basis | Social Security Wages (Box 3 of the W-2) of $150,000 or more in 2025 | NA | NA |
| Date | Description |
|---|---|
| January 1 | New Annual Limits Apply |
| January 31 | Forms 1099-Rs to participants who took a distribution in the previous calendar year |
| March 15 | Return of excess contributions for failed ADP and ACP Tests |
| March 15 | Employer contributions due for calendar year partnerships, S Corps, and LLCs taxed as partnerships (unless tax extension is filed) |
| April 1 | Initial Required Minimum Distributions must be made |
| April 15 | Employer contributions due for corporations and LLCs taxed as corporations (unless tax extension is filed). |
| April 15 | Return of excess deferrals |
| June 30 | Return of excess contributions for failed ADP and ACP Tests for EACA Plans (only) |
| July 31 | IRS Form 5500 and schedules due (unless extension form 5558 is filed by this date). |
| September 30 | Summary Annual Report (SAR) to be distributed to participants and beneficiaries (unless extension form 5558 is filed). |
| September 30 | Last Day to Adopt a Safe Harbor Plan for the Current Year |
| October 15 | IRS Form on IRS Form 5558 Extension Due |
| December 1 | Distribution of Annual Notices |
| December 15 | Summary Annual Report (SAR) to be distributed to participants and beneficiaries for plans that filed a 5558. |
| December 31 | Ongoing Required Minimum Distributions must be made |
| Plan-Year End | 5500 Filing Deadline | SAR Distributed to Participants Deadline | With Extension 5500 Deadline (Form 5558 Filed) | SAR Distributed to Participants Deadline (Form 5558 Filed) |
|---|---|---|---|---|
| 1/31 | 8/31 | 10/31 | 11/15 | 1/15 |
| 2/28 | 9/30 | 11/30 | 12/15 | 2/15 |
| 3/31 | 10/31 | 12/31 | 1/15 | 3/15 |
| 4/30 | 11/30 | 1/31 | 2/15 | 4/15 |
| 5/30 | 12/31 | 2/28 | 3/15 | 5/15 |
| 6/30 | 1/31 | 3/31 | 4/15 | 6/15 |
| 7/31 | 2/28 | 4/30 | 5/15 | 7/15 |
| 8/31 | 3/31 | 5/31 | 6/15 | 8/15 |
| 9/30 | 4/30 | 6/30 | 7/15 | 9/15 |
| 10/31 | 5/31 | 7/31 | 8/15 | 10/15 |
| 11/30 | 6/30 | 8/31 | 9/15 | 11/15 |
Our offices will be closed December 24-26 and January 1.
We wish you and yours a warm and safe holiday season, Benefits² Administrators
