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For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500. That's the standard contribution limit for employees under ...
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 ...
Once you turn 64, your limit returns to the regular contribution amount. In 2025, that’s $31,000. Read more: I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic.
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 ...
The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday. ... and those savings will ...
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... Starting in 2025, employees aged 60 to 63 years old who participate in one of those work plans have a higher ...
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