The Internal Revenue Service (IRS) announced increased contributions limits for 457(b), 401(k), and 403(b) retirement plans for calendar year 2025.
2025 MNDCP Annual Maximum Contribution Limits
| Participant Age | Maximum Limit |
|---|---|
| Under Age 50 | $23,500 |
| Age 50 & Over | $31,000 |
| Age 60, 61, 62 and 63 | $34,750 |
| Catch-Up Provision* | $47,000 |
*The Catch-Up Provision permits participants within three years of normal retirement age and under certain conditions to contribute up to $47,000 in 2025. Contact Us to speak with a retirement plan specialists for complete information. Eligible participants must apply to contribute up to the Catch-Up Provision limits.
The SECURE 2.0 Act increases the contribution limit for participants age 60, 61, 62 and 63 effective in 2025.
For more information see: https://employers.msrs.state.mn.us/secure2.0 > Provisions Effective January 1, 2025