We are a proud strategic partner and an active member of the National Tax-Deferred Savings Association, the nation’s only independent, non-profit association dedicated to the 403(b) marketplace. Since 1983, we have been working with financial professionals to help participants get more out of retirement.

Employee contribution limits

Salary deferrals are employee contributions that can be deferred as pre-tax, Roth (after-tax) dollars, or both. The most a participant can defer in 2025 for salary deferrals is limited to the lesser of 100% of compensation or:

• $23,500 if under age 50.
• $31,000 if age 50 -59 (includes, $7,500 in catch-up contributions).
• $34,750 if ages 60 – 63. Beginning January 1, 2025, higher catch-up contribution up to $11,250 is permitted for these participants. Contributions may begin January 1 of the year the participant turns 60 and must cease by December 31 of the year they turn 63.
• $31,000 if age 64+ (includes, $7,500 in catch-up contributions).

If employer contributions are permitted, the overall maximum contribution that can be deposited between employee salary deferrals and employer contributions is $70,000. Catch-up contributions are not included in the determination of this amount. 

Administrative costs

• The annual retirement account maintenance fee of $30 is paid by the participant for balances under $50,000. The fee is waived for balances of $50,000 and over.¹
• Loans² have a one-time initiation fee of $75 but no ongoing maintenance fee.