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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 ...
As part of SECURE Act 2.0, passed in late 2022, individuals age 60, 61, 62 or 63 are now allowed to make “super catch-up contributions” to their 401(k) and other retirement plans. These ...
The IRS recently announced a much higher catch-up allowance when contributing towards employer retirement plans, including 401(k)s. This amount is almost double the “regular” catch-up ...
In 2025, the catch-up contribution limit for 401(k)s is $7,500, unchanged from 2024. ... but it's still a sizable contribution. Over the past 50 years, the S&P 500's average annual return has been ...
The IRS gives the 50-plus cohort an added bonus by letting you make an extra $1,000 (for 2024) of catch-up contributions to your IRAs -- traditional, Roth, or both combined.
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 ...
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 ...
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 ...