2024 401k Contribution Limit Over 55. Employees will be able to sock away more money into their 401(k)s next year. Employers can set the default contribution rate between 3% to 10% of your pretax salary, meaning they'll automatically allocate between 3% and 10% of your paycheck toward.
Maxing out your 401(k) can improve your retirement readiness significantly. The inflation rate has been moderating, but the 401(k) contribution limitโs bump from 2024 to 2025 was the same as it was from 2023 to 2024.
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