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The catch-up contribution limit for those over 50 remains at $7,500 for 2025, giving you a total limit of $31,000 next year. The limits apply to pre-tax, traditional retirement plans and after-tax ...
The catch-up contribution limit, for those 50 or older, is holding steady at $7,500. There’s an extra layer of icing for workers aged 60 to 63, thanks to the Secure 2.0 law — a higher catch-up ...
A substantially higher "catch-up" contribution for 401(k) plans applies for savers aged 60, 61, 62 and 63 who participate in these plans at work beginning in 2025.
This extra boost is called a catch-up contribution. For employees aged 50 and older with a 401(k), the catch-up contribution limit will stay at $7,500 in 2025, the same as in 2024.
Additional matching contributions are made dollar-per-dollar up to 3% of base pay (e.g. an employee contributing 3% will have 1% automatically contributed plus 3% matched, for a total of 4%), then at $0.50/$1 for each additional dollar up to 5% of base pay; neither amounts above 5% nor "catch-up" contributions are matched, regardless of an ...
Some retirment savers can make larger 401(k) contributions in 2025 thanks to an obscure change made in the SECURE 2.0 act.
The law ushered in a new rule that provides extra catch-up contributions for employees aged 60 to 63. Those older workers can make additional 401(k) contributions of $11,250 in 2025 instead for a ...
In plans offering catch-up contributions, 15% of participants 50 or older contributed more, it said. Starting in 2025, employees aged 60 to 63 years old who participate in one of those work plans ...