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The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. If you're age 50 or older, you're eligible for an additional $7,500 in catch-up contributions, raising your employee contribution limit to $30,500.
Key Takeaways. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. $22,500 for 2023. Anyone age 50 or over is eligible for an additional catch-up contribution of $7,500 for...
The contribution limit for employees who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government's Thrift Savings Plan is increased to $23,000, up from $22,500. The limit on annual contributions to an IRA increased to $7,000, up from $6,500.
401 (k) contribution limits in 2024 and 2025. For 2025, the 401 (k) limit for employee salary deferrals is $23,500, which is above the 2024 401 (k) limit of $23,000. Employer matches don’t...
Learn the contribution limits for your 401(k) and Profit-Sharing retirement plans.
The 2024 contribution limit for 401 (k) plans is $23,000. In 2025, that rises to $23,500. Those 50 and older can contribute more. Use our calculator to estimate your future balance.
For 2025, the 401 (k) contribution limit for employees is $23,500, or $31,000 if you are age 50 or older.
A 401 (k) plan is a company-sponsored retirement account in which employees can contribute a percentage of their income. Employers often offer to match at least some of these contributions....
The 401 (k) contribution limit is $23,000 in 2024. Workers 50 and older are allowed an additional $7,500 catch-up contributions. The overall 401 (k) limits for employee and employer...
The 2025 401(k) contribution limit increased to $23,500, up from $23,000 in 2024. Employees age 50 and older can contribute an additional $7,500 for a total of $31,000. Workers ages 60 to 63 have ...