401k Contribution Limits 2025 Catch Up

401k Contribution Limits 2025 Catch Up. Employees can now defer up to $23,000 into 401 (k) plans for 2024, with an extra $7,500 for workers age 50 and older. The irs sets 401(k) contribution limits and typically increases them by $500 annually.

The biggest 401(k) change coming in 2025 is a $500 increase in contribution limits. Employees can now defer up to $23,000 into 401 (k) plans for 2024, with an extra $7,500 for workers age 50 and older.