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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 ...
One of the benefits that makes tax-deferred retirement accounts like 401(k) plans so attractive is their high contribution limits. This becomes especially appealing when your company offers a 401 ...
The IRS updated the 401(k) contribution limits for 2025 and now allows people between 60 and 63 to save an additional $15,000 over four years. 401(k) Catch-Up Limits Are Going Up. Here's What That ...
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 ...
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 ...
However, because of the SECURE 2.0 Act of 2022, starting in 2026, all workers earning more than $145,000 per year must invest all catch-up contributions into a Roth 401(k).