401k Limit 2025 Catch Uptodate. 401k Limits 2025 Catch Up Uriel Yorks The 401k Contribution Limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to $71,000, catch-up contribution to $8,000 for the age 50 or above and 12,000 for the age 60-63. Compensation taken into account in figuring contributions and benefits: the limit is $345,000 (up from $345,000 in 2024).
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401 (k) contribution limits for 2024 The 401 (k) contribution limit for 2024 is $23,000 for employee salary deferrals, and $69,000 for the combined employee and employer contributions The catch-up contribution limit that generally applies for employees aged 50 and over who participate in most 401 (k), 403 (b), governmental 457 plans, and the federal government's Thrift Savings Plan remains $7,500 for 2025.
401k Limits 2025 Catch Up Uriel Yorks
Learn how new age-based limits can help you boost your retirement savings. Compensation taken into account in figuring contributions and benefits: the limit is $345,000 (up from $345,000 in 2024). Discover the key 401(k) catch-up contribution changes coming in 2025 under the SECURE 2.0 Act
IRS sets 401(k) limits for 2025, adds new catchup for some. Increased Catch-Up Contributions for Ages 60-63 Section 109 of SECURE 2.0 increases the catch-up limit for individuals aged 60-63 to the greater of $10,000 or 150% of the regular. 401 (k), 403 (b), and 457 (b) Plans Employee Contributions: Up to $23,500 (under age 50) Catch-up contribution: $7,500 (ages 50+); higher catch-up ($11,250) for ages 60-63 Total Combined Limit (Employee + Employer): $70,000 Roth Options: Available for 401 (k), sometimes for 403 (b) and 457 (b) Plan Details: 401 (k): Primarily for for-profit.
IRS sets 401(k) limits for 2025, adds new catchup for some. Compensation taken into account in figuring contributions and benefits: the limit is $345,000 (up from $345,000 in 2024). Conclusion The 2025 401 (k) contribution limit changes present significant opportunities for retirement savers, particularly those aged 60-63 who can take advantage of the new supersize catch-up provisions.