IRS Retirement Contribution Limits – 2025

Each year the IRS sets new limits for what employees can contribute to their 403(b) and 401(k) retirement plans. Starting in 2025, employees who will turn ages 60-63 have the opportunity to make increased pre-tax contributions to the Voluntary Contribution Retirement Plan (VCRP). 

2025 IRS Contribution Limits

• Under age 50: $23,500
• Age 50-59: $31,000
• Age 60-63: $34,750
• Age 64+: $31,000

These limits are inclusive of both DCRP (3%) and VCRP contributions. For those who are already maximizing their VCRP contribution, this additional amount will be automatically increased. The maximums apply only to employee contributions, so the contributions Georgetown makes to the Defined Contribution Plan do not count for purposes of calculating this limitation.