401k Contribution Limit 2025 Catch Up Date

401k Contribution Limit 2025 Catch Up Date. 401k Contribution Limits 2025 Catch Up 2025 Nina C. Johnson Employer plus employee contributions: 2025: $70,000 (up $1,000 from 2024) 457(b) Plans. Employee 401(k) contributions: 2025: $23,500 (up $500 from 2024) The catch-up contribution limit for Plan participants aged 50 or older remains at $7,500 for the 2025 tax year

Key points about the 2025 401(k) contribution limits: Increase from 2024: This limit is an increase from the 2024 limit of $23,000. For any participant between the ages of 60 and 63, the catch-up contribution limit jumps to $5,250

401k Contribution Limits 2025 Catch Up 2025 Nina C. Johnson

Effective January 1, 2025, participants aged 60, 61, 62 or 63 in 401(k) plans, 403(b) plans, and non-governmental 457(b) plans can make a catch-up contribution that is the greater of (1) $10,000, or (ii) 150% of the regular catch-up limit ($11,250 for 2025) in addition to the $23,500 (for 2025) annual deferral contribution limit. For workers aged 50 and older, the standard catch-up contribution limit for 2025 will be $7,500 on top of the new $23,500 base limit The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday.

Higher CatchUp Contribution Limits in 2025 YouTube. In total, plan participants over 50 may contribute up to $20,000 in 2025, and those up to age 63 may contribute $21,750. For any participant between the ages of 60 and 63, the catch-up contribution limit jumps to $5,250

2025 401k Contribution Limit Catch Up Over 50 Images References Waban Pearl. That number includes a $23,500 contribution limit and a catch-up contribution of $11,250. Contribution limits for 401(k) and other workplace retirement plans rise for 2025