2025 401k Maximum Contribution

2025 401k Maximum Contribution. Maximum Retirement Contribution 2025 Ulla Alexina Starting in 2025, employees can contribute up to $23,500 into their 401(k) and 403(b) plans, most 457 plans, and the Thrift Savings Plan for federal employees, the IRS announced Nov That means anyone who meets the age requirements can contribute a total of $31,000 to their workplace retirement plan

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 limit on annual additions (i.e., contributions) to 401(k) and other defined contribution plans will increase to $70,000 (up from $69,000)

401k Limits 2025 Chart Bekki Carolin

SECURE 2.0 added an additional catch-up contribution to those 60 to 63 of $3,750 The SECURE 2.0 Act increased the catch-up contribution for some employees to $10,000 or 150% of the standard catch-up contribution, whichever is. SECURE 2.0 added an additional catch-up contribution to those 60 to 63 of $3,750

Maximum Retirement Contribution 2025 Ulla Alexina. An important note: Beginning in 2025, those between ages 60 and 63 will be eligible to. The annual limit on compensation that can be taken into account for contributions.

Maximum Retirement Contribution 2025 Ulla Alexina. Participants who are 50-59 and 64+ can save an additional $7,500 in 2025 in catch-up contributions Employee 401(k) contributions: 2025: $23,500 (up $500 from 2024) The catch-up contribution limit for Plan participants aged 50 or older remains at $7,500 for the 2025 tax year