Stay informed about the latest Ohio DC employer news. The "Ohio DC Employer Insights" newsletter has information about retirement planning, financial wellness for your employees, Plan changes, and industry news.

2025 Contribution Limits

The Internal Revenue Service recently announced increases to employee annual contribution limits for 2025. Each year, the IRS sets limits on the amount of wages that employees can contribute. These limits are tied to inflation statistics, which are recalculated each fall for the following calendar year. Learn more about the IRS announcement regarding contribution limits for next year so you can provide them to your staff.

Remember that each employee's combined contributions to pre-tax and Roth accounts must not exceed their one annual limit amount.

Regular (49-Under)	$23,500
Age 50+ Catch-up (50-59 or 64-Older)	$31,000
Age 60-63 Catch-up (60-63)	$34,750
Traditional Catch-up (Upon Eligibility)	$47,000

End of Year Pay Dates

Will your organization have a pay date on or within a few days of December 31, 2024? It is vital to ensure that contributions are posted in the same year that they are reported on W-2s. As we approach the end of the year, please review your bill, and notify our finance department if contributions related to bills posted after December 16 will be reported on employee W-2s in a year other than the pay date year. Please also notify us if you are changing your pay dates and indicate to which year these contributions relate.

It is also important that your employees' contributions will not exceed the annual limits. Email us at finance@ohiodc.org if the payroll date on your bill, near year-end, needs to be corrected in our records. When contacting us, please include your employer name and employer number in the email.

Employer Webinar

The goal for this employer-only webinar is to support you with helping your employees prepare for retirement. We will provide you with information explaining why general financial wellness and retirement savings are important not only to your employees, but to you as an employer.

Join us on Tuesday, December 17 at 9 a.m. for our one-hour employer-only webinar. This is an online event, please register ahead of time! If you can't join us in December this webinar is recorded and can be viewed on-demand.

Contribution Change Reminder

Please remember that all contribution changes must be elected by the participant. Participants should, either call our Service Center at 877-644-6457, or make the change online at Ohio457.org. Participants need to make these elections two weeks before the applicable pay date to be included on your Change Report and Bill. Final lump sum payouts made following an employee’s termination must be called into our Service Center.

Please note Ohio DC cannot accept contributions of which we are not aware. We ask that you kindly await the Change Report and modified Bill for contribution changes prior to submitting contributions.

Information for Your Employees

Ohio DC Participant Webinars

Ohio DC offers webinars on a variety of topics. Please share this link with your employees, so they can register for any upcoming webinar of interest. December webinar topics include:

Ask Ohio DC: December 4 and 18
NRI Webinar - Tax Efficient Retirement Income: December 11

If employees can't join one of the live webinars, they are recorded, so they can watch them at their convenience.