PLAN LIMITATIONS ON BENEFITS AND CONTRIBUTIONS
01.Core Concepts
(2 OF 3) • Defined Contribution Plans • Maximum contribution for the year Lesser of: • 100% of an employee’s compensation, or • $70,000 for 2025 • Limit consists of Employer contributions, and Employee contributions*, and Any forfeitures allocated to participant’s account *Includes qualified student loan payments on which the employer offers a matching contribution