Internal Revenue Service building in Washington, D.C. Photo: Diego M. Radzinschi/ALM
Retirement savers can contribute an extra $500 to their 401(k) in 2025. The Internal Revenue Service announced today that the amount employees can contribute to their 401(k) plans in 2025 has increased to $23,500 – as forecast by recent Mercer and Milliman reports.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast, American Media and Harris Publications.
