The annual contribution limit for employees who participate in 401(k), 403(b), governmental 457 plans, and the federal government's thrift savings plan is increased to $24,500 [up from. Starting january 1, 2025, individual's turning 60 through 63 years old in 2025 will be able to make catch-up contributions up to $10,000 or 150% ($11,250) of the regular age 50 catch-up amount.