The City of Lexington
We are lucky to call the beautiful city of Lexington, Kentucky our home. As the reigning “Horse Capital of the World,” Lexington has more than 400 horse farms and was the first city in the United States to host the World Equestrian Games. Home to the University of Kentucky, Big Blue Nation is in full effect here and fiercely loyal of the Wildcats. Lexington is also home to Transylvania University, a liberal arts college in the heart of downtown. Transylvania was the first university in Kentucky and among the oldest in the United States. Our city has been nationally recognized as a top community for retirement (Forbes & CNN Money), homebuyers (Movo Real Estate), jobs (Forbes), and college towns (Livability.com). Although our office is located here in Lexington, we are proud to serve employers all over the commonwealth, southern Ohio, Indian and Tennessee.
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Plan Limits
2024, 2025 and 2026 Retirement Plan
| 2024 | 2025 | 2026 | Retirement Plans |
|---|---|---|---|
| $23,000 | $23,500 | $24,500 | Maximum 401(k), 403(b) Deferrals |
| $7,500 | $7,500/$11,250 | $8,000/$11,250 | 401(k), 403(b) Catch-up Contributions |
| $69,000 | $70,000 | $72,000 | Maximum Defined Contribution |
| $155,000 | $160,000 | $160,000 | Highly Compensated Employee |
| $345,000 | $350,000 | $360,000 | Maximum Plan Compensation |
| $168,600 | $176,000 | $184,500 | Social Security Taxable Wage Base |
| $16,000 | $16,500 | $17,000 | SIMPLE Deferral Limit |
| $3,500 | $3,500 | $4,000 | SIMPLE Catch-Up Contributions |
2024, 2025 and 2026 Health Savings Accounts (HSA)
| 2024 | 2025 | 2026 | Health Savings Account (HSA) |
|---|---|---|---|
| $4,150 | $4,300 | $4,400 | Single Coverage |
| $8,300 | $8,550 | $8,750 | Family Coverage |
| $1,000 | $1,000 | $1,000 | Catch-up Contribution (55 & Over) |
2024, 2025 and 2026 Flexible Spending Account (FSA)
| 2024 | 2025 | 2026 | Flexible Spending Account (FSA) |
|---|---|---|---|
| $3,200 | $3,300 | $3,400 | Maximum Contribution |
2024, 2025 and 2026 Qualified Small Employer Health Reimbursement Arrangement
| 2024 | 2025 | 2026 | Qualified Small Employer Health Reimbursement Arrangement |
|---|---|---|---|
| $6,150 | $6,300 | $6,450 | Single Reimbursement |
| $12,450 | $12,800 | $13,100 | Family Reimbursement |
