2025 COLA for retirement funds

Authors: Kelly Lazzara Steven Grieb

null

The Internal Revenue Service (IRS) recently issued the retirement plan limits for the 2025 year, detailed in the chart linked to below.

Most limits related to retirement plans will be slightly increased. For example, the individual deferral limit for 401(k) and 403(b) plans will increase from $23,000 to $23,500. Maximum compensation for purposes of determining annual accruals will rise from $345,000 to $350,000. And the limit for total defined contribution plan annual accruals will increase from $69,000 to $70,000.

ACCESS THE CHART

Author Information


Disclaimer

This material was created to provide information on the subjects covered, but should not be regarded as a complete analysis of these subjects. The information provided cannot take into account all the various factors that may affect your particular situation. The services of an appropriate professional should be sought regarding before acting upon any information or recommendation contained herein to discuss the suitability of the information/recommendation for your specific situation.

Gallagher Fiduciary Advisors, LLC ("GFA") is an SEC Registered Investment Advisor that provides retirement, investment advisory, discretionary/named and independent fiduciary services. GFA is a limited liability company with Gallagher Benefit Services, Inc. as its single member. GFA may pay referral fees or other remuneration to employees of AJG or its affiliates or to independent contractors; such payments do not change our fee.

Securities offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Neither Osaic Wealth nor their affiliates provide accounting, legal or tax advice. Review the Osaic Form CRS.