15-YEAR CATCH-UP CONTRIBUTIONS
01.Core Concepts
• Permits up to an additional $15,000 (maximum $3,000 additional per year) of contributions to the 403(b) plan. • Participant must have completed 15 years of service with the employer. • For 2025, the maximum deferral contribution is $34,000 for age 50+ ($37,750 ages 60-63). • $23,500 – Employee deferral • $7,500 – Age 50 and over catch-up (or $11,250 ages 60-63) • $3,000 – 15-year catch-up