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In 2025, 401(k) limits are going up. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500. And those 50 and over will be able to contribute an extra $7,500 for a ...
For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500. That's the standard contribution limit for employees under ...
401(k) plan limits. 2025. 2024. Maximum elective deferral for most employees age 50 and older (including catch-up contributions) $31,000. $30,500. Maximum elective deferral for employees 60, 61 ...
For example, if someone is 59 in March but turns 60 in September 2025, according to the IRS, they could contribute up to the maximum of $34,750 in a 401(k) plan in 2025. For 2025, the higher catch ...
The catch-up contribution limit, for those 50 or older, is holding steady at $7,500. ... Starting in 2025, 401(k) and 403(b) plans established after Dec. 29, 2022, must automatically enroll all ...
401(k) plan limits. 2024. 2025. Change. Maximum salary deferral for workers. $23,000. $23,500 +$500. Catch-up contributions for workers age 50 and older. $7,500
Three significant 401(k) plan changes coming in 2025 are worth paying ... An employer may set its maximum contribution rate at 10% to 15%. ... The 2024 401(k) catch-up contribution limit is $7,500 ...
Some retirment savers can make larger 401(k) contributions in 2025 thanks to an obscure change made in the SECURE 2.0 act.
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