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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 standard 401(k) contribution limits for 2025 are going up. 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 ...
EGTRRA raised the deductible limit to 25% of eligible pay without reduction for salary deferrals. Therefore, that same businessperson in Y2008 can make an "elective deferral" of $15,500 plus a profit sharing contribution of $25,000 (i.e. 25%), and—if this person is over age 50—make a catch-up contribution of $5,000 for a total of $45,500.
In 2025, you'll have the opportunity to sock away even more money in your 401(k) thanks to higher contribution limits.
Catch-up contributions made are in addition to the elective deferral and 415(c) limits. Participants may also roll over existing 401(k) ... As an example, in 2025 ...
An employee's combined elective deferrals whether to a traditional 401(k), a Roth 401(k), or both cannot exceed the IRS limits for deferral of the traditional 401(k). Employers' matching funds are not included in the elective deferral cap but are considered for the maximum section 415 limit, which is $58,000 for 2021, or $64,500 for those age ...
Finally, there's another important change in 2025. The income limit to claim the Saver's Credit is increasing to: $79,000 for married couples filing jointly, up from $76,500.
This limit is not reduced by the elective deferrals under his employer's plan because the limit on annual additions applies to each plan separately." [13] The employee deferral contribution can be made in both pre-tax, after-tax or Roth, so long as the plan documents allow for it. The employer profit sharing contributions must be made in pre ...