Mark L. Blom, CFP®

Managing Director, Senior Wealth Manager

Mark is a CERTIFIED FINANCIAL PLANNER™ professional and his main responsibilities include managing and monitoring client portfolios, researching and monitoring our mutual fund investments, financial planning and reviewing portfolios with clients. Prior to joining our team, Mark was involved in portfolio and wealth management at Charles Schwab & Co. and Clarity Financial, LLC.

Mark earned a bachelor’s degree in Business Management from Central College.

Outside of my professional career I am passionate about:
I am passionate about living life and fully engaging in many activities; tennis, pickleball, working out, family, yard work, photography, and football.

What drew you to the wealth management industry?
What drew me into wealth management was being able to work in an industry that centered on investing and having your money working for you.

What is the most rewarding part of being a BFSG Team Member?
The teamwork, collaboration, and being around great people.

The one word or phrase that best describes me is:
The word that best describes me would be Disciplined.

What’s the best piece of advice you have ever been given and how might this apply to your role here at BFSG?
Work hard and do the right thing even when no one is watching.

Retirement Plan Contribution Limits 2025

The IRS announced cost of living adjustments that will impact the 2025 tax year. Contribution limits for pension plans and other retirement related items are affected. We encourage you to review the updated figures below.

Item	IRC Reference	2025	2024
401(k) and 403(b) Employee Deferral Limit¹	402(g)(1)	$23,500	$23,000
457 Employee Deferral Limit	457(e)(15)	$23,500	$23,000
Catch-up Contribution² Super Catch-up Contribution³	414(v)(2)(B)(i) 414(v)(2)(E)(i)	$7,500 $11,250	$7,500
Defined Contribution Dollar Limit	415(c)(1)(A)	$70,000	$69,000
Defined Benefit Dollar Limit	415(b)(1)(A)	$280,000	$275,000
Compensation Limit⁴	401(a)(17); 404(l)	$350,000	$345,000
Highly Compensated Employee Income Limit⁵	414(q)(1)(B)	$160,000	$155,000
Key Employee/Officer	416(i)(1)(A)(i)	$230,000	$220,000
Social Security Taxable Wage Base		$176,100	$168,600
IRA Contribution Limit		$7,000	$7,000
IRA Catch-Up Contribution (Age > 50)		$1,000	$1,000

¹Employee deferrals to all 401(k) and 403(b) plans must be aggregated for purposes of this limit. A lower limit applies to SIMPLE Plans.
²Available to employees age 50 or older during the calendar year. A lower limit applies to SIMPLE Plans.
³Available to employees who attain age 60, 61, 62, or 63 during the plan year. A lower limit applies to SIMPLE Plans.
⁴All compensation from a single employer (including all members of a controlled group) must be aggregated for purposes of this limit.
⁵For the 2025 Plan year, an employee who earns more than $155,000 in 2024 is an HCE.

Traditional IRA Deduction Phaseouts

Item	2025	2024
MFJ – One Spouse is an Active Participant	$236,000 to $246,000	$230,000 to $240,000
MFJ – Both Taxpayers are Active Participants	$126,000 to $146,000	$123,000 to $143,000
Single – Taxpayer is an Active Participant	$79,000 to $89,000	$77,000 to $87,000
Married – Filing Separately	$0 to $10,000	$0 to $10,000

Roth IRA Contribution Phaseouts

Item	2025	2024
MFJ	$236,000 to $246,000	$230,000 to $240,000
Single	$150,000 to $165,000	$146,000 to $161,000
MFS	$0 to $10,000	$0 to $10,000

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California Office (Headquarters)
Wealth Management & Institutional Services
2040 Main Street, Suite 720, Irvine, CA 92614

(888) 726-9378

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Wealth Management
1643 E. Bethany Home Road, Phoenix, AZ 85016

(602) 997-8882

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