2025 401k Contribution Limits 2025 Catch Up 2025. 401k 2025 Max Contribution Amount Aurora Cooper 401k and Retirement Plan Limits for the Tax Year 2025 For any participant between the ages of 60 and 63, the catch-up contribution limit jumps to $5,250
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For individuals aged 50 and older, the catch-up amount is still $7,500 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 limit ($11,250 for 2025)
401k 2025 Max Contribution Amount Aurora Cooper
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. The catch-up contribution limit that generally applies for employees aged 50. On November 1, 2024, the Internal Revenue Service announced that the amount individuals can contribute to their 401k plans in 2025 has increased to $23,500, up from $23,000 for 2024.
401k 2025 Max Contribution Amount Aurora Cooper. Key details include: Age Range: The enhanced limit applies from the year an individual turns 60 until the year they turn 64. For 2025, this higher catch-up contribution limit is $11,250 instead of $7,500
401k 2025 Max Contribution Amount Aurora Cooper. The SECURE 2.0 Act introduced a new provision known as the "super catch-up" for individuals aged 60 to 63, allowing them to contribute more to their 401(k) accounts starting in 2025 An enhanced catch-up limit of $11,250 applies to workers ages 60 to 63