Ready to take your retirement savings to the next level? In 2025, you can contribute even more toward your financial future with updated limits for 401(k), 403(b), and 457(b) plans. The annual contribution limit has increased to $23,500 — $500 more than last year. If you’re 50 or older, you can take advantage of an additional $7,500 catch-up contribution, helping you save even more. And here’s a bonus: employees ages 60 to 63 are now eligible for a “super catch-up” contribution of up to $11,250.
What's New:
- Beginning April 1, 2025, Fidelity Investments will be a new record keeper option for the 457(b) plan. To enroll, complete the Voluntary Retirement Enrollment Form.
Why Participate?
These voluntary retirement plans are a flexible way to invest in your future — on your terms. All employees are eligible, including part-time employees (excluding student employees), and you can change your contribution amount at any time throughout the year. While employer matching isn’t available, the real power lies in starting early and contributing consistently.
A Few Reminders:
- Contribution limits are shared between 401(k) and 403(b) plans.
- All employees are eligible to participate, including part-time (excluding student employees).
- Contribution amounts can be adjusted any time during the year.
Explore CWI's Voluntary Retirement Plans and start saving today!
Questions? Contact Human Resources Benefits at hrbenefits@cwi.edu or 208.562.3287.
