Contribution Limits

The YMCA Retirement Fund sets annual limits on the amount you can save for retirement. Below are the 2024 Contribution Limits. Click here to download the 403(b) Savings Plan Enrollment Form.

2024 YMCA RETIREMENT FUND Contribution Limits
Total Contributions* to both the Fund’s 401(a) Retirement Plan and the 403(b) Savings Plan $69,000
($76,500 if eligible for Age 50+ Catch-Up)

*Please note your Total Contributions may not exceed 100% of your 2024 compensation from the Y. The IRS limits includable annual compensation to $345,000.

Total of Pre-Tax and Roth Contributions $23,000
Age 50+ Catch-Up
(if you turn age 50 or older during the calendar year)
15+ Years of Service Catch-Up*
(increases contribution maximum)

*The 15+ Years of Service Catch-Up amount is based on years of YMCA service.

The Fund’s 403(b) Savings Plan

Elective deferrals to your Tax-Deferred Account are “pre-tax” and reduce your current year’s taxable income. Elective deferrals to your Roth Account are after-tax and do not reduce your current year’s taxable income. Please note that if you participate in the Fund’s 403(b) Savings Plan and make elective deferrals to another employer’s retirement plan (such as a 401(k) plan, 403(b) plan, SEP plan or SIMPLE plan), the total of all your elective deferrals may not exceed $23,000 (or $30,500 if you are age 50 or older).

Age 50+ Catch-Up 

If you are age 50 or older (or will turn age 50 in 2024), you may increase your 403(b) contributions by $7,500. If you are also eligible for the 15+ Years of Service Catch-Up, your total elective contributions could be $33,500. Restrictions may apply. Please contact our Customer Service Department for details.

15+ Years Of Service Catch-Up

You may “make up” for years when you did not maximize your contributions. To be eligible, you must have worked for a Y for at least 15 years and your previous contributions did not exceed an average of $5,000 per year of service. You may not use more than $15,000 of catch-up contributions during your lifetime and you are limited to $3,000 per year. Please contact our Customer Service Department for details.