2025 Tax-Deferred Savings Plan Contribution Limits

Tax-deferred savings plan enrollment information for 2025 is available on the Human Resources website at https://wmich.edu/hr/taxdeferredsavingsenroll. To enroll or to change your election for 2025, complete and submit the salary reduction agreement form to Human Resources by Friday, Dec. 6, 2024 and note “start in 2025” in the comments section. If you have an active payroll deduction in a 403(b) plan or a 457(b) plan and wish to continue your current election, you do not need to take any action. Salary deferral limits for 2025 are $23,500 per calendar year for those under age 50, and $31,000 per calendar year for those turning 50 in 2025 and for those over 50 years of age.  The salary reduction agreement form is available at https://wmich.edu/hr/forms/retirement.