What is the maximum employee contribution limit for a 401(k) plan for tax year 2025?
Reading time...
Explanation
The 401(k) employee contribution limit for 2025 is $23,500. Those aged 50 to 59 or 64+ can add a $7,500 catch-up contribution for a total of $31,000. Workers aged 60 to 63 may contribute an even higher 'super catch-up' of $11,250 if their plan allows.
Financial planning experts recommend contributing enough to your 401k to capture the full employer match, which is essentially free money for retirement.