Will Your Employer Offer A Super Catch Up Contribution?

Starting in 2025, The maximum catch-up contribution for an employer retirement plan for those ages 60-63 will be 50 percent more than the regular catch-up contribution. Once you hit age 64, you are no longer eligible for a super catch-up contribution and are limited to the regular catch-up contribution amount.

 The 2025 catchup contribution is $7,500. Therefore, the super catch-up contribution will be $11,250 for those ages 60-63.

 As a reminder, employer plans do not have to offer catch-up contributions. Right now, technically there is no law that says that employers must offer a super catch-up contribution so I believe an employer’s retirement plan must be amended to specifically allow for a super catch-up contribution.

Plus see my comments in USA Today

https://www.usatoday.com/story/money/2024/11/03/irs-401k-limits-2025-super-catch-up/75994341007/