What Is The Catch Up Contribution For 2025. Workers ages 50 and older can make an additional annual contribution to their 401(k) plan, over and above the standard. As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.
For 2023, the maximum contribution is $15,500. Defined contribution participants between the ages of 60 and 63 will be able to sock away up to $10,000.
Under Current Law, Those Contributions—Up To An Extra $7,500 For 2023—Are Equally Available To Employees Who Are Age 50 Or Older.
Defined contribution participants between the ages of 60 and 63 will be able to sock away up to $10,000.
Those Who Are Age 60, 61, 62, Or 63 Will Soon Be Able To Set Aside.
As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.
What Is The Catch Up Contribution For 2025 Images References :
Those Who Are Age 60, 61, 62, Or 63 Will Soon Be Able To Set Aside.
As part of a 457 plan, participants can contribute more than the annual limit once they reach a certain age.
Defined Contribution Participants Between The Ages Of 60 And 63 Will Be Able To Sock Away Up To $10,000.