Annual Plan Limits
| Contribution and Benefit Limits | 2026 | 2025 | 2024 |
|---|---|---|---|
| Elective Deferral Limit | $24,500 | $23,500 | $23,000 |
| Catch-Up Contributions | $8,000 | $7,500 | $7,500 |
| Increased Catch-Up for Participants Aged 60-63 | $11,250 | $11,250 | N/A |
| Annual Contribution Limit | $72,000 | $70,000 | $69,000 |
| Annual Contribution Limit including Catch-Up Contributions | $80,000 | $77,500 | $76,500 |
| Annual Benefit Limit | $290,000 | $280,000 | $275,000 |
| Compensation Limits | 2026 | 2025 | 2024 |
|---|---|---|---|
| Maximum Plan Compensation | $360,000 | $350,000 | $345,000 |
| Income Subject to Social Security | $184,500 | $176,100 | $168,600 |
| Key EE Compensation Threshold | $235,000 | $230,000 | $220,000 |
| Highly Compensated EE Threshold | $160,000 | $160,000 | $155,000 |
| IRA Limits | 2026 | 2025 | 2024 |
|---|---|---|---|
| SIMPLE Plan Elective Deferrals | $17,000 | $16,500 | $16,000 |
| SIMPLE Catch-Up Contributions | $4,000 | $3,500 | $3,500 |
| Individual Retirement Account (IRA) | $7,000 | $7,000 | $7,000 |
| IRA Catch-Up Contribution | $1,100 | $1,000 | $1,000 |
Documents & Forms
Technical Facts
Bond Information
Scott Feit, Founder and President of Prime Pensions, has over 25 years of experience as a pension consultant, designing, implementing and administering thousands of corporate retirement plans. Scott is a member of the American Society of Pension Professionals & Actuaries (ASPPA), he is a Certified Pension Consultant (CPC), Qualified Pension Administrator (QPA), Qualified 401(k) Consultant (QKC) and a Qualified 401(k) Administrator (QKA).
Scott is also an Enrolled Retirement Plan Agent (ERPA). As an Enrolled Retirement Plan Agent, Scott is allowed to represent companies before the Internal Revenue Service on retirement plan matters. Scott has written and published several articles on various retirement plan topics and he has lectured extensively on 401(k), profit sharing and pension plans. Scott worked as a CPA in the early 90’s with Arthur Andersen after graduating from Bucknell University with an accounting degree.