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For 2025, you’ll be able to increase your annual contribution to your 401(k), 403(b), governmental 457 plans, and the federal government's Thrift Savings Plan to $23,500, up from $23,000.
For plans like a 401(k), 403(b), Thrift Savings Plan, some 457 plans and Simple IRAs and 401(k) plans, the total contribution limit for participants age 60 to 63 in 2025 is $34,750.
The Thrift Savings Plan (TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services.
These are the maximum contribution limits for both employer-sponsored and individual retirement accounts in 2024 and 2025: ... Thrift Savings Plan. 2024. $23,000 ... annuities or mutual funds to ...
The Thrift Savings Plan is a tax-deferred defined contribution plan similar to a private sector 401(k) plan. The Thrift Savings Plan is one of the three parts of the Federal Employees Retirement System, and is the largest defined contribution plan in the world. As of August 2021, the board manages $794.7 billion in assets on behalf of 6.4 ...
Contribution limit: The contribution limit for employees is $22,500 in 2023, and the combined limit for all contributions, including from the employer agency, is $66,000. In 2024, the employee ...
The Thrift Savings Plan (TSP) is a defined contribution plan that is available only to military service members and federal employees. It is similar to the 401(k) plans offered by many private ...
Federal workers and military personnel can save more in their TSP retirement accounts in 2020.