Browsing Tag
401(k) Contribution Limits
38 posts
A 401(k) contribution limit is the maximum amount of money an employee and, if applicable, their employer can contribute to a 401(k) retirement plan in a given year. Set by the IRS, these limits help regulate tax-advantaged savings. Employees can contribute up to an annual cap, and those aged 50 or older may add “catch-up” contributions. Limits can change each year based on inflation adjustments.
‘Most Viewed’ Articles of 2023 Driven by 7 Topics
A look back at what subjects resonated most with 401(k) Specialist readers over the past year
Higher 401(k) Contribution Limits Could Impact 2024 Retirement Planning
With changes coming to 401(k) contribution limits in 2024, we take a look at how the adjustments will influence retirement savings
What’s Behind IBM’s Move to Unfreeze its DB Plan with Cambridge Associates’ Brian McDonnell
Joining us to discuss IBM's DB Plan and its wider implications within the retirement industry is Brian McDonnell, Head of the Global Pension Practice at Cambridge Associates.
IRS Bumps 2024 401(k) Contribution Limit to $23,000
IRA limit also gets $500 boost while catch-up contribution limit remains the same
$500 Boost Projected for 2024 401(k) Contribution Limit
Forecasts from Mercer and Milliman each predict a $23,000 limit in advance of late October official announcement from the IRS
2024 401(k) Contribution Limit: Milliman Forecasts Modest Increase
Based on current inflation data, Milliman’s latest 2024 IRS limits forecast predicts a $500 increase while official 2024 limits are expected to be announced in October
2023 Changes to 401(k), HSA Contribution Limits and a Historic Social Security COLA
The New Year means new annual contribution limits for various retirement plans take effect, as well as an 8.7% Social Security raise
2023 401(k) Contribution Limits Released: Big COLA Increase for Savers
The announcement comes as lawmakers and other government agencies grapple with historically high inflation
2023 401(k) Contribution Limits: ‘Unprecedented’ Increase Projected
Mercer is projecting a record $2,000 bump in the IRS qualified retirement plan contribution limit thanks to this year’s high inflation rate
Major 2023 401(k) Contribution Limit Jump Predicted
Thanks to inflation, estimates in Milliman's “2023 IRS Limits Forecast – May” show significant increases in IRS contribution limits for retirement plans are likely