As of 2025, the IRS implemented lots and lots of changes for many of the typical Retirement Plans, including 401(k), 403(b), and most 457 plans, and even the federal government’s Thrift Savings Plan. 

As an HR Manager, CEO, COO, or Payroll Manager, it’s essential that you understand your company’s retirement plan documents, so you can avoid costly mistakes. 

Important elements to review:

• Summary Plan Description (SPD)

• Full Plan Document / Adoption Agreement

• TPA (third-party administrator) contact information

• Registration process for new hires / new enrollees

• Timing of enrollment period for new hires to join 

• How and when an employee can make changes to their plan

• Company-match process and vesting timelines

• Management of Loan or Hardship requests

• Form 5500 (prior years)

• ERISA documents

Here are a couple more of the most urgent points: 

• The contribution limit for individuals' 401(k) plans in 2025 has risen to $23,500, up from $23,000 in 2024. The maximum annual contribution to an IRA stays the same at $7,000 for 2025.

• For employees aged 60-63, a special catch-up contribution of $11,250 is available, resulting in a total contribution of $34,750.

Click for complete details regarding Important 401(k) Compliance Changes in 2025

AND - do you know about the AUTOMATIC ENROLLMENT requirement? 

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