Older workers can still take advantage of 2025’s ‘super catch-up’ 401(k) contributions

Workers nearing retirement still have time in 2025 to take advantage of expanded 401(k) contribution limits — especially those between ages 60 and 63, who are eligible for new “super catch-up” contributions under the Secure Act 2.0.

For the 2025 tax year, the base employee 401(k) contribution limit is $23,500, up from $23,000 in 2024. Workers age 50 and older can contribute an additional $7,500, but those aged 60 to 63 now qualify for a larger $11,250 catch-up limit, bringing their maximum total deferral to $34,750. Employer contributions can push total retirement savings even higher.

Despite the higher limits, most workers don’t maximize their 401(k) contributions. According to Vanguard’s 2025 How America Saves report, only 16% of eligible participants made catch-up contributions in 2024, mostly high earners with larger account balances.

As of May, 97% of retirement plans had adopted the super catch-up provision, Fidelity data shows. With about four months left in the year, many financial experts are encouraging eligible savers to adjust contributions now if they aim to reach the full limit.

Read more: CNBC

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