Match 2025 Annual Income. Those 50 and older could contribute an additional $7,500 in. It permits those aged 60 through 63 to contribute $11,250 instead of $7,500 in.

That’s a $500 bump from the $23,000 elective deferral limit for 401(k) plan employee contributions in 2024. For example, if you’re paid $500,000, and your employer also offers a 5% match on your 401(k) salary deferrals, you can contribute $23,500 in 2025.