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Simple IRAs and Simple 401(k) plans also had a slight contribution increase from $16,000 in 2024 to $16,500 in 2025, Coley shared. However, the catch-up provision for participants over 50 did not ...
Starting in 2025, employees can sock away up to $23,500 in their 401(k)s. That's a $500 bump from the $23,000 elective deferral limit for 401(k) plan employee contributions in 2024.
Three significant 401(k) plan changes coming in 2025 are worth ... rule changes and provisions for all types of retirement plans. ... to catch up. The 2024 401(k) catch-up contribution limit is ...
If you have a 401(k), or plan to have one soon, you might want to know about the SECURE 2.0 Act. ... of Roth contributions within 401(k) plans. In 2025, all catch-up contributions for employees ...
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 ...
The catch-up contribution limit that applies to employees aged 50 and up enrolled in most 401(k), 403(b), governmental 457 plans and the Thrift Savings Plan will remain at $7,500 for 2025. Workers ...
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