401k 2024 Contribution Limit Catch Up Over 55. “super savers” are workers who participate in a 401(k) or similar retirement plan and contribute more than 10% of their salaries to it. The employer’s 401 (k) maximum contribution limit is much more liberal.
The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.
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