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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.

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.

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.

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.

401(k) contribution limits for 2025 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.

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)

As part of a change in the SECURE Act 2.0, eligible employees aged 60 to 63 can now make an additional contribution beyond the standard IRS limits to help quickly build their savings before retirement. For 2025: The super catch-up limit for 401(k)s, 403(b)s, and 457 plans is $11,250. The super catch-up limit for SIMPLE IRAs is $5,250.

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.

Starting in 2025, older workers can save even more for retirement via 401(k) catch-up contributions. Here's what investors need to know.

The Super Catch-Up Rule. Starting January 1, 2025, plans may offer a higher dollar catch-up limit to employees who would attain exact ages 60, 61, 62, or 63 by the end of the year. For those participants, the limit is 150% of the regular dollar catch-up limit. For 2025, the catch-up limit for this group is $11,250 instead of $7,500.

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

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 ...

The 401(k) Catch-Up Contribution Limit for 2025. Workers can defer paying income tax on as much as $23,500 on contributions to a 401(k), 403(b) and the federal government’s Thrift Savings Plan ...

Retirement savers in their early 60s have a chance to turbocharge their 401(k) contributions starting in 2025. Workers aged 60-63 can contribute an extra $11,250 to their 401(k) each year through a new increased catch-up provision. This is a significant jump from the current catch-up limit of $7,500 available to employees 50 and older. 1. The IRS is raising the general 401(k) deferral limit to ...

Standard contribution limit: If you are contributing to a 401(k), you can now set aside up to $23,500 in 2025, up from $23,000 in 2024. Catch-up contributions for ages 50 and older: Once you turn 50, you can contribute even more. The catch-up contribution limit stays at $7,500, bringing your total possible contribution to $31,000 in 2025. Catch ...

The start of 2025 brought major updates to 401(k) plans, thanks to the SECURE 2.0 Act. Learn the catch-up limits, including a handy age range chart! ... 62, or 63 by the end of the tax year can make a “super catch-up” contribution to their 401(k) or SIMPLE IRA. This allows eligible participants to contribute up to $11,250 annually, 150% of ...

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 ...

2025 catch-up contribution limits: The catch-up contribution limit for 401(k) participants aged 50 and over remains at $7,500. Additionally, updates to the SECURE Act 2.0 allow for a higher catch-up contribution limit for participants aged 60, 61, 62 and 63. This limit is $11,250 in 2025.

For a traditional or Roth IRA, the annual catch-up amount in 2024 and 2025 is $1,000, which boosts your total contribution potential to IRAs to $8,000. If you participate in a 401(k), Roth 401(k), 403(b), or similar workplace retirement savings plan, the catch-up opportunity is even greater: up to $7,500 a year. That means you can contribute up ...