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Learn the contribution limits for your 401(k) and Profit-Sharing retirement plans.

The fix is in: Common plan mistakes - Failure to limit contributions for a participant

Get information about Simplified Employee Pension plans (SEPs). If you own a business, learn how you can establish a SEP for your employees.

A Salary Reduction Simplified Employee Pension plan (SARSEP) is a Simplified Employee Pension (SEP) plan set up before 1997 that permits contributions to be made through employee salary reductions, referred to as “employee elective deferrals.”

Retirement Topic - SEP Contribution Limits (including grandfathered SARSEPs)

The tax law places limits on the dollar amount of benefits and contributions. The law requires the limits be adjusted annually for cost-of-living increases.

This kit is for plan sponsors who failed to make timely required contributions to a defined contribution money purchase pension plan or target benefit pension plan.

April 1, 2021 — A profit-sharing plan has the same contribution limits as a Simplified Employee Pension (SEP) Plan; however, it gives you more flexibility than a SEP.

IR-2023-203, Nov. 1, 2023 — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.

IR-2024-285, Nov. 1, 2024 — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.