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The catch-up contribution limit for employees aged 50 and over who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government's Thrift Savings Plan remains $7,500 for 2024.
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.
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.
The 401 (k) catch-up contribution limit is $7,500 for those 50 and older. The limit on employer and employee contributions is $69,000. The 401 (k) compensation limit is $345,000. The income...
Key Takeaways. Employees can contribute up to $23,500 to their 401 (k) plan for 2025 vs. $23,000 for 2024. Anyone age 50 or over is eligible for an additional catch-up contribution of $7,500 for ...
contributions under a SIMPLE 401(k) plan is increased from $16,000 to $16,500. The limitation for certain of those accounts or plans under section 408(p)(2)(E)(i)(I) or (II) remains $17,600. The limitation under section 414(v)(2)(B)(ii) for catch-up contributions to an applicable employer plan described in section 401(k)(11) or section 408(p ...
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 count ...