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New SECURE 2.0 Super 401(k) Catch-Up Contribution for Ages 60-63. ... Super catch-up 2025 limits: Bottom line ... Kelley has over two decades of experience advising on and covering education, law ...

Learn how much you can save in your 401 (k) in 2025, including catch-up contributions for those 50 and older and a new $11,250 limit for those 60 to 63. Find out how to invest more for retirement with after-tax contributions and Roth 401 (k) options.

Good news for 401(k) and 403(b) plan participants turning age 60 – 63 starting in 2025: there is now an enhanced employee catch-up contribution thanks to Secure Act 2.0 that passed back in 2022.  For 2025, the employee contributions limits are as follows: Employee Deferral Limit $23,500, Ag

Explore this handy chart, which shows the 2025 benefits plan limits and thresholds for 401(k) plans, health savings accounts, flexible spending accounts, and more.

The SECURE 2.0 updates to 401(k) catch-up contributions are straightforward but will require some planning to implement properly. ... Contribution Limits. In 2025, the standard 402(g) limit is $23,500, ... Section 109 of SECURE 2.0 increases the catch-up limit for individuals aged 60-63 to the greater of $10,000 or 150% of the regular catch-up ...

In 2025, the 401(k) contribution limit for participants is increasing to $23,500, up from $23,000 in 2024. Participants who are 50–59 and 64+ can save an additional $7,500 in 2025 in catch-up contributions.; There’s a brand new extended catch-up contribution provision for savers aged 60 to 63.

Contribution limits for 401(k) and other workplace retirement plans rise for 2025. ... Starting in 2025, employees aged 60 to 63 years old who participate in one of those work plans have a higher ...

401k Plan Limits for Year: 2025: 2024: 2023: 2022: 2021: 2020: 2019: 401k Elective Deferrals: $23,500: $23,000 ... The IRA catch-up contribution limit for individuals aged 50 and over was amended under the SECURE 2.0 Act of 2022 (SECURE 2.0) to include an annual cost-of-living adjustment but remains $1,000 for 2025. ... Under a change made in ...

The 401k Contribution Limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to $71,000, catch-up contribution to $8,000 for the age 50 or above and 12,000 for the age 60-63.

Here are the 2025 limits that are most relevant to 401(k) plans: Annual Additions. The limit on annual additions (i.e., contributions) to 401(k) and other defined contribution plans will increase to $70,000 (up from $69,000). ... The annual limit on catch-up contributions under these plans for individuals aged 50 and over, who are not 60, 61 ...

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%. ... The catch-up contribution for retirement investors over 50 will remain unchanged at $7,500, continuing to give these late-stage retirement savers a little extra boost. An Added Boost for Those 60 to 63.

The contribution limits for 401(k)s, 403(b)s, IRAs, and HSAs will change for 2025. Here's what you need to know. ... But if you are aged 60-63 by the end of 2025, your catch-up contribution will be $11,250. ... for example, if I already have contributed my maximum of $66,000 in 2023 to April 15, 2024, but roll over $6500 into my Roth-IRA via ...

For 2025, the standard 401(k) contribution limit increased to $23,500, up $500 from the 2024 limit of $23,000. This adjustment applies to 401(k) plans, as well as 403(b) plans, most 457 plans and the federal government's Thrift Savings Plan. While this may seem like a modest increase, it represents a continued trend of annual adjustments aimed ...

401(k), 403(b), and 457 Plans Contribution Limits. For those with employer-sponsored retirement accounts, such as 401(k), 403(b), and 457 plans, the standard contribution limit for 2025 is $23,500. Catch-up contribution for those 50 and older: $7,500. New catch-up contribution for those 60-63: $11,250.

Updated 401(k) Contribution Limits for 2025. The IRS raised the 401(k) contribution limit for 2025 to $23,500, which is up from $23,000 in 2024. These limits also apply to 403(b) and 457 plans. For individuals aged 50 and older, the standard catch-up contribution limit remains unchanged at $7,500. However, those between the ages of 60 and 63 ...

401(k) Limits Increase for 2025. December 6, 2024. ... The limit on catch-up contributions for people over 50 years old will remain at $7,500 for 2025; however plans implementing the new “super catch-up” rule will allow people between the ages of 60 – 63 to make additional catch-up contributions up to a maximum of $11,250. ...

For employees aged 50 and over, the catch-up contribution remains unchanged at $7,500 for a total annual contribution limit of $31,000 for 2025. New in 2025, as a result of Secure Act 2.0, there is a special higher catch-up contribution limit for employees aged 60-63 of $11,250 for a total annual contribution limit of $34,750 for 2025. Note ...

The 2025 SIMPLE IRA contribution limit is $16,500. The catch-up contribution for employees aged 50 and over is $3,500. Employees aged 60, 61, 62, and 63 have an even higher catch-up contribution limit of $5,250. Retirement plan contribution limits 2024 [Chart] Retirement plan contribution limits are subject to change annually. Use the chart to ...

2025 IRS updates to benefit contribution Limits & Thresholds. Each year, the IRS adjusts key tax thresholds and benefit limits to account for inflation, and 2025 is no exception The following table provides a side-by-side comparison of the 2025 IRS thresholds and limits versus those from 2024, highlighting updates that could impact your financial planning and tax strategies.