diff --git a/charts/argo-cd/Chart.yaml b/charts/argo-cd/Chart.yaml
index ab8d07cd..5cb85cc2 100644
--- a/charts/argo-cd/Chart.yaml
+++ b/charts/argo-cd/Chart.yaml
@@ -3,7 +3,7 @@ appVersion: v2.9.5
 kubeVersion: ">=1.23.0-0"
 description: A Helm chart for Argo CD, a declarative, GitOps continuous delivery tool for Kubernetes.
 name: argo-cd
-version: 5.53.8
+version: 5.53.9
 home: https://github.com/argoproj/argo-helm
 icon: https://argo-cd.readthedocs.io/en/stable/assets/logo.png
 sources:
@@ -26,5 +26,5 @@ annotations:
     fingerprint: 2B8F22F57260EFA67BE1C5824B11F800CD9D2252
     url: https://argoproj.github.io/argo-helm/pgp_keys.asc
   artifacthub.io/changes: |
-    - kind: changed
-      description: Updated documented default value for application.instanceLabelKey.
+    - kind: fixed
+      description: Fixed labels template for ArgoCD server service account.
diff --git a/charts/argo-cd/templates/argocd-server/serviceaccount.yaml b/charts/argo-cd/templates/argocd-server/serviceaccount.yaml
index 12f571fd..a8efe1e5 100644
--- a/charts/argo-cd/templates/argocd-server/serviceaccount.yaml
+++ b/charts/argo-cd/templates/argocd-server/serviceaccount.yaml
@@ -13,7 +13,7 @@ metadata:
   {{- end }}
   labels:
     {{- include "argo-cd.labels" (dict "context" . "component" .Values.server.name "name" .Values.server.name) | nindent 4 }}
-    {{- range $key, $value := .Values.server.serviceAccount.labels }}
+    {{- with .Values.server.serviceAccount.labels }}
       {{- toYaml . | nindent 4 }}
     {{- end }}
 {{- end }}