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Under the SECURE 2.0 Act, those aged 60 to 63 can contribute the greater of $10,000 or 150% of the regular catch-up amount ($7,500 for 401(k)s and 403(b)s in 2025). Therefore, the “super catch ...
403(b) plan limits. 2023. 2024. Change. Maximum salary deferral for workers. $22,500. $23,000 +$500. Catch-up contributions for workers 50 and older. $7,500. $7,500
The catch-up contribution limit, for those 50 or older, is holding steady at $7,500. There’s an extra layer of icing for workers aged 60 to 63, thanks to the Secure 2.0 law — a higher catch-up ...
Starting January 1, 2025, individuals ages 60 to 63 can make catch-up contributions up to $10,000 a year to a workplace plan. The catch-up amount for people ages 50 and older is $7,500, but do go ...
If you’re age 60–63, you’re eligible for super catch-up contributions in 401(k)s and other eligible retirement plans (403(b), governmental 457 plans, etc.).
In 2025, employees aged 60, 61, 62 and 63 can make catch-up contributions up to $11,250. Key takeaways Profit-sharing plans are a type of employer-sponsored retirement plan, similar to a 401(k) or ...
Annual contribution limits for the 401(k) and the 403(b) are also the same — $20,500 in 2022 and $22,500 in 2023, plus catch-up contributions for employees age 50 or older.
You can contribute a total of $31,000 for 2025, including the $7,500 catch-up contribution. If you’re aged 60 to 63, your catch-up limit increases to $11,250 for 2025.