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New SECURE 2.0 Super 401(k) Catch-Up Contribution for Ages 60-63. ... So, the IRS has announced that for 2025, the enhanced catch-up contribution limit for those 60-63 is $11,250.

As a reminder, employees who are 50 and older are allowed to contribute to their employer-sponsored retirement plan additional money, known as a catch-up contribution. For 2025, the catch-up contribution is an extra $7,500 on top of the $23,500 limit for everyone else, for a total limit of $31,000.

On January 10, 2025, the Internal Revenue Service (“IRS”) issued proposed regulations providing long-awaited guidance on the updates to 401(k) catch-up contributions introduced by the SECURE 2.0 Act of 2022 (SECURE 2.0).These updates affect individuals nearing retirement age and high earners.

Defined Contribution Plans 2025 2024 Change; Maximum employee elective deferral (age 49 or younger) (1) $23,500: $23,000 +$500: Employee catch-up contribution (age 50 or older by year-end) (2)

Starting in 2025, employees aged 60 to 63 years old who participate in one of those work plans have a higher catch-up contribution limit. That cap is $11,250, instead of $7,500.

The 401(k) contribution limit for 2025 is $23,500 for employee salary deferrals, and $70,000 for the combined employee and employer contributions. If you're age 50 to 59 or 64 or older, you're eligible for an additional $7,500 in catch-up contributions.

For 2025, the standard catch-up contribution limit for 401(k) plans is $7,500. That means anyone who meets the age requirements can contribute a total of $31,000 to their workplace retirement plan.

The 2025 changes to retirement plan contribution limits, including the new $23,500 base limit and enhanced catch-up provisions, represent significant opportunities for retirement savers across all age groups. These increased limits and enhanced catch-up provisions offer valuable tools for strengthening retirement security.

In 2025, 401(k) contributions rise to $23,500, with higher catch-up limits for ages 60-63. Employers must auto-enroll new hires at 3-10%. A new IRS ruling may allow matches to go toward student debt or HRAs. These changes aim to boost retirement savings and flexibility.

2025 401(k) limits unveiled: Standard limit rises to $23,500, plus special $11,250 catch-up for ages 60-63. Solutions Annuities Insurance Funeral Trust. ... Employees aged 60 to 63 will be eligible for an increased catch-up contribution of $11,250, a substantial jump from the standard $7,500 catch-up contribution available to those 50 and older

On January 10, 2025, the Treasury Department and the IRS issued proposed regulations providing guidance on the 401(k) catch-up contributions updated by SECURE 2.0. Significant changes include increased catch-up limits for those aged 60 to 63 and mandatory Roth contributions for high earners making more than $145,000.

We continue to get lots of questions about the new “super catch-up” contribution for retirement plan and SIMPLE IRA participants who are ages 60-63. Here are answers to your top 12 questions: ... 10. What is the 2025 super catch-up limit? For 401(k), 403(b) and governmental 457(b) plans, the 2025 limit is $11,250. That figure results from ...

Super Catch-Up Contributions for Ages 60-63. Starting in 2025, individuals aged 60 to 63 can contribute even more than the standard catch-up limit. This “super catch-up contribution” allows you to save 50% more than the regular catch-up amount. Here’s how it works: Standard Contribution Limit (2025): $23,500; Normal Catch-Up Contribution ...

Moving forward, these “supersized” catch-up contributions will either be $10,000 or 50% more than the regular catch-up contribution amount (whichever is greater). 1 For this tax year, the contributions were determined by adding $3,750 (50% of $7,500) to $7,500 for a total of $11,250 (which exceeds $10,000).

Similarly, if employees aged 60–63 are allowed catch-up contributions up to $11,250, then other catch-up-eligible employees must be allowed catch-up contributions of up to $7,500. It also appears that if one plan allows super catch-up contributions, then all plans in the controlled group must offer super catch-up contributions.

The catch-up contribution limit stays at $7,500, bringing your total possible contribution to $31,000 in 2025. Catch-up contributions for ages 60 to 63: If you are between 60 and 63, you will get an even bigger boost with the new 401k super catch-up. The SECURE 2.0 Act lets you contribute up to $11,250 in catch-up contributions, significantly ...

Enhanced Catch-Up Contributions (Ages 60-63) One of the most significant changes introduced by the SECURE Act 2.0 takes effect in 2025, specifically targeting workers aged 60 to 63. These individuals will be eligible to contribute either: - $10,000 to their 401(k), or - 150% of the standard catch-up contribution amount. whichever is greater.

Beginning in 2025, the SECURE 2.0 law increases the catch-up contribution limits for certain ages. Those who are age 60, 61, 62, or 63 will soon be able to set aside more money in a 401(k) plan.

For 2025, the max catch-up contribution is $11,250. In 2025, the total limit for 401(k) contributions for those aged 60 to 63 is $34,750. That number includes a $23,500 contribution limit and a ...