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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. ... If you defer more than your 401(k) plan allows, your excess deferrals will be treated as ...

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.

As you can see from the historical 401k contributions limit chart, your employer has the ability to contribute $46,000 to your 401k for a total pre-tax contribution of $69,000 for 2024. Again, the 401(k) contribution limit will likely go up by $500 every year or two. ... 401(k) Contribution Limits And Contributions Should Be An Afterthought.

The 2024 401(k) individual contribution limit is $23,500, up from $23,000 in 2024. In 2025, employers and employees together can contribute up to $70,000 , up from a limit of $69,000 in 2024. If you are 50 years old or older, you can also contribute up to $7,500 in "catch-up" contributions on top of your individual and employer contributions.

The chart below provides a breakdown of how the rules and limits for defined-contribution plans (401(k), 403(b), and most 457 plans) changed for 2024 vs. 2025. Defined Contribution Plan Limits 2024

Or, Greg may contribute the full $6,500 catch-up contribution to his solo 401(k) plan, making a total contribution of $63,500 for 2020. This is because, although he made nonelective contribution to his solo 401(k) plan up to the maximum of $57,000, the $57,000 limit is not reduced by the elective deferral catch-up contributions.

The 2025 401(k) contribution limit for employees—the same as 403(b), governmental 457 plans, and the federal government’s Thrift Savings Plan—is $23,500. Employees aged 50 and over can make an additional catch-up contribution of $7,500, bringing their contribution limit to $31,000 .

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.

View the IRS 401k 2025 contribution limit chart and maximum limits for 2020 to 2025, with a downloadable PDF of contribution limits from 2015 to 2025. ... The Elective Deferral Limit is the maximum contribution that can be made on a pre-tax basis to a 401(k) or 403(b) plan (Internal Revenue Code section 402(g)(1)). Some still refer to this as ...

The Elective Deferral Limit is the maximum contribution that can be made on a pre-tax basis to a 401(k) or 403(b) plan (Internal Revenue Code section 402(g)(1)). Some still refer to this as the $7,000 limit (its original setting in 1987). The Annual Benefit Limit is the maximum annual benefit that can be paid to a participant (IRC section 415). The limit applied is actually the lessor of the ...

The 401(k) contribution limit for employees in 2024 is $23,000. For comparison, the maximum contributions were $22,500 for 2023, $20,500 in 2022 and $19,500 in 2021.

Until then, here are the limits for 2025 retirement plan contributions. 2025 401(k) and 403(b) Employee Contribution Limit. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025. The catch-up contribution limit will stay the same at $7,500 in 2025, so if ...

A workplace 401(k) plan helps you save a substantial amount each year for retirement, but there are annual limits on contributions by you and your employer. ... This amount is up modestly from ...

In 2025, that the 401(k) maximum contribution is $23,500. Those 50 and older can contribute more. ... The contribution limits for a Roth 401(k) plan are the same as with a traditional 401(k). If ...

401(k) contribution limits in 2024 and 2025 ... 401(k) plan limits 2024 2025 Change; Maximum salary deferral for workers: $23,000: $23,500 +$500: Catch-up contributions for workers age 50 and older:

Elective Deferral Limit for 401(k) and 403(b) Plans* IRC 402(g) $23,000 $23,500 ... SIMPLE Retirement Plan Contribution Limit IRC 408(p) $16,000 $16,500 Social Security Wage Base (Old-Age, Survivors) $168,600 $176,100 Medicare Wage Base No limit No limit 2025 Retirement Plan Limits

The IRS announced the increased contribution limits for 401 (k) plans to $23,000 and for IRAs to $7,000 for 2024. See the income ranges, catch-up limits, and other changes for retirement plans and accounts.

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). Code § 415(c)(1)(A). Compensation. The annual limit on compensation that can be taken into account for contributions ...

The table below shows the contribution limits for various account types. Check with your employer about any specific contribution limits for your plan. 401(k)/403(b) annual contribution limits