Terza Michal

2024 Max 401k Contribution Limits Catch Up Over 50. 401(k) plan limits 2024 2025 change; 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.

The irs announced today it will increase 401(k) contribution limits to $23,500 (from $23,000 in 2024), the same increase as last year, while limits for employees over 50 remains. That’s a $500 jump from the $23,000 limit in 2024.