SIMPLE PLAN CATCH-UP CONTRIBUTIONS: AGE 60-63
01.Core Concepts
• Increased catch-up limit for participants ages 60-63, starting in 2025 • Greater of 150% of the regular catch-up limit, or $5,000 • $5,250 for 2025 • Available regardless of whether the employer has 25 or fewer employees or is an electing or non-electing large employer