2025 403(b) Contribution Limits
The IRS updates retirement plan contribution limits for defined contribution plans such as Geneva’s Retirement Plans each year.
Please note the SECURE Act 2.0 created a new catch-up contribution provision that amends the Internal Revenue Code. This provision means some older participants can save more money than ever in the Geneva Retirement Plan. Beginning in 2025, employees ages 60-63 will find their maximum contribution limit significantly increased. Geneva is hopeful that this higher limit will aid employees who were prohibited from saving a sufficient amount earlier in their ministry.
The limits for 2025 are as follows:
Elective Deferral Limit (salary reduction contribution): $23,500 ($500 increase from 2024). Internal Revenue Code Section 402(g)
Defined Contribution Limit (employer plus employee): $70,000 ($1,000 increase from 2024). Internal Revenue Code Section 415(c)
Catch-up Contribution Limits:
- Age 50-59: $7,500 (no increase from 2024). Internal Revenue Code Section 414(v)
- Age 60-63: $11,250 (NEW catch-up contribution limit). SECURE Act 2.0 amending IRC 414(v)(7)
- Age 64 and older: $7,500 (no increase from 2024). Internal Revenue Code Section 414(v)
Source: IRS Retirement Plan section
| 2025 Catch up Contribution Limits | ||
| Catch up Provisions | Catch up Contributions A | Catch up Contribution B “NEW” |
| Amount | $7,500 | $11,250 |
| Eligibility | Applies to participants ages 50-59 and 64 or older. | Eligible participants who attain age 60 but are not older than age 63 by the end of the calendar year, |
| Internal Revenue Code 414(v)(7) | SECURE Act 2.0 amending IRC 414(v)(7) | |
| Effective Date | 6/8/2003 | 1/1/2025 |
| Limit Description | Active participants who are catch up eligible (e.g., turn age 50 by the end of the calendar year in which the plan ends and is eligible to make elective deferrals under the plan) can contribute $7,500 as a catch-up contribution in 2025. | Active participants aged 60 through 63 can contribute the greater of $10,000 or 150% of the 2024 catch-up contribution limit ($11,250). |
Geneva Benefits Group serves those who serve others, providing practical support for the financial, physical, and mental wellbeing of people who work in full-time ministry.
