what is the maximum 401k contribution for 2025

The maximum employee contribution limit for a 401(k) plan in 2025 is $23,500 for individuals under the age of 50. If you are 50 or older, you can make an additional catch-up contribution of $7,500, making the total $31,000. For those aged 60 to 63, if their plan allows, the catch-up contribution can be higher, up to $11,250, for a total contribution limit of $34,750. Employer contributions do not count toward the employee's individual contribution limit but do count toward the overall combined limit of $70,000 in 2025 (or higher if including catch-up contributions based on age). Since you asked about "20" (assuming age 20 or under 50), the relevant maximum employee contribution for 2025 is $23,500. This limit applies to both traditional and Roth 401(k) contributions combined. Let me know if you want details about employer contributions or combined limits by age group.