401(k) contribution limit projections for 2025: Mercer, Milliman

While the official IRS announcement will come next month, the contribution limit for retirement accounts will likely increase from $23,000 to $23,500 in 2025, according to new Mercer and Milliman reports.

By Lynn Cavanaugh | September 18, 2024 at 10:01 AM

The official IRS announcement will come in late October or early November, but it's likely participants will see a modest $500 increase to the amount they can contribute to their 401(k)s in 2025, according to new reports from Mercer and Milliman.

Continue Reading for Free

Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

Retirement

Advisor Sales Strategies

Defined Contribution

Retirement Regulation

Retirement Trends

1 Between You and ICHRA: An Inside Look into Building a Successful HRA Strategy

2 UnitedHealth begins to move away from Humira, joining CVS, Express Scripts

3 Top 10 states with the longest retiree life expectancy

4 Cigna's Express Scripts sues FTC over 'defamatory' PBM report

5 401(k) contribution limit projections for 2025: Mercer, Milliman

Insurance
BenefitsPRO Broker Expo 2025 (BPRO)
May 06, 2025 - Boston

The premier educational and networking event for employee benefits brokers and agents.
More Information
GlobeSt. Multifamily Fall 2024
October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
More Information

5 SECURE 2.0 provisions that will help employees save for retirement: UBS

By Lynn Cavanaugh | September 18, 2024

Plan sponsors and employers are searching for advisors and consultants who are highly knowledgeable about SECURE 2.0 provisions, according to a new UBS survey.

5 SECURE 2.0 provisions that will help employees save for retirement: UBS

The Social Security crisis: 3 in 5 Americans say funds will be depleted by 2035

By Lynn Cavanaugh | September 17, 2024

The depletion of funds will directly impact retirement strategies, which is why employers need to focus on enhancing employee 401(k) plan offerings, promoting higher contribution rates, and providing financial literacy programs, says a new Atticus survey.

The Social Security crisis: 3 in 5 Americans say funds will be depleted by 2035

SECURE 2.0's new Starter 401(k) legislation is working for small businesses: Guideline

By Lynn Cavanaugh | September 16, 2024

In this first year of the Starter 401(k), 75% of small employers went with this new 401(k) over their state-run auto-IRA program due to its simplicity, according to Jeff Rosenberger, COO of retirement platform Guideline.