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Since 57.2% of employees nearing retirement contribute to a 401(k), according to the same EBI report, it could mean not as many take advantage of the catch-up contribution anyway.
With a 401(k) plan, employees ... workers aged 50 and older can add up to $7,500 more annually as a catch-up contribution in 2025, the same amount as 2024. ... Threshold for highly compensated ...
If you’re age 60–63, you’re eligible for super catch-up contributions in 401(k)s and other eligible retirement plans (403(b), governmental 457 plans, etc.).
Expands automatic enrollment for certain retirement plans [9] Creates a "saver's match", a federal tax credit which can be claimed by a taxpayer for contributing to an employer retirement plan; Increases age at which required minimum distributions start; Indexes catch-up contributions to inflation
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... governmental 457 plans and the federal government’s Thrift Savings Plan. Catch-up contributions for those ...
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 ...