"Effective January 1, 2025,the limitation on the annual benefit under a defined benefit plan under section 415(b)(1)(A) of the Code is increased from $275,000 to $280,000....

"The limitation for defined contribution plans under section 415(c)(1)(A) is increased in 2025 from $69,000 to $70,000....

"After taking into account the applicable rounding rules, the amounts for 2025 are ...

• The limitation under section 402(g)(1) on the exclusion for elective deferrals described in section 402(g)(3), which includes elective deferrals made to the Thrift Savings Plan, is increased from $23,000 to $23,500.
• The limitation on deferrals under section 457(e)(15) concerning deferred compensation plans of state and local governments and tax-exempt organizations is increased from $23,000 to $23,500.
• The limitation under section 414(v)(2)(B)(i) for catch-up contributions to an applicable employer plan other than a plan described in section 401(k)(11) or section 408(p) that generally applies for individuals aged 50 or over remains $7,500....
• The threshold used in the definition of 'highly compensated employee' under section 414(q)(1)(B) is increased from $155,000 to $160,000.
• The threshold under section 416(i)(1)(A)(i) concerning the definition of 'key employee' for top-heavy plan purposes is increased from $220,000 to $230,000....
• The annual compensation limitation under sections 401(a)(17), 404(l), 408(k)(3)(C), and 408(k)(6)(D)(ii) is increased from $345,000 to $350,000."

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