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New 401(k) catch-up contributions: Key changes impacting pre-retirees in 2025

By Lynn Cavanaugh

SECURE 2.0 extended the catch-up limit for people between ages 60 and 63, but 55% of eligible savers aren't even aware that they have this opportunity, according to a new Guideline survey.<br/>

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‘Help U.S. Retire’: Industry trade group launches grassroots campaign to put Congress on alert

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Construction firm Bechtel wins 401(k) ‘excessive fees’ lawsuit, again

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Retirement Stories

January 15, 2025

Climate group Net Zero Asset Managers suspends operations, in wake of BlackRock’s exit

Last week, BlackRock dropped out of the United Nations-backed climate change investing initiative, which was followed by NZAM suspending its activities on Monday because of “recent developments … in investors’ respective jurisdictions,” according to its website.

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January 15, 2025

DOL tackles the 'missing plan participant' problem, offering retirement fiduciaries a new option

The Department of Labor will not take action, under ERISA, against plan fiduciaries that transfer entire benefit payments owed to missing participants of $1,000 or less if certain conditions are met.

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January 14, 2025

Biden’s final student loan forgiveness? 150,000 borrowers get $4.2B in debt cancelled

On Monday, President Biden cancelled student loan debt for borrowers who attended schools that defrauded students, those with permanent disabilities and public service workers, bringing his total cancellation to $183 billion.

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January 13, 2025

American Airlines breached fiduciary duty by prioritizing ESG goals, in 401(k) lawsuit

A federal judge in Texas ruled that American Airlines violated its ERISA duties by not focusing “on the best financial benefit” for its 401(k) plan, in the biggest victory yet in a case involving ESG investing.

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January 13, 2025

New SECURE 2.0 auto-enrollment and 401(k) catch-up provisions: IRS issues guidelines

With regard to SECURE 2.0' s new catch-up provision, the IRS and the Treasury won’t allow employers to require that plan participants make Roth contributions, according to newly proposed guidelines released on Friday.

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January 10, 2025

BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing

The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero Asset Managers initiative, following the recent withdrawals of Morgan Stanley, Goldman Sachs, JP Morgan Chase and other megabanks.

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January 10, 2025

Got a withdrawal plan? Half of retirees lack a ‘decumulation’ strategy

A new IRAlogix survey raises concerns over a rapid depletion of retirement savings, and provides guidance to employers to help pre-retirees to make a decumulation plan.

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Retirement

Top Retirement Stories

New 401(k) catch-up contributions: Key changes impacting pre-retirees in 2025

‘Help U.S. Retire’: Industry trade group launches grassroots campaign to put Congress on alert

Construction firm Bechtel wins 401(k) ‘excessive fees’ lawsuit, again

Recommended Just For You

Retirement Stories

Climate group Net Zero Asset Managers suspends operations, in wake of BlackRock’s exit

DOL tackles the 'missing plan participant' problem, offering retirement fiduciaries a new option

Biden’s final student loan forgiveness? 150,000 borrowers get $4.2B in debt cancelled

American Airlines breached fiduciary duty by prioritizing ESG goals, in 401(k) lawsuit

New SECURE 2.0 auto-enrollment and 401(k) catch-up provisions: IRS issues guidelines

BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing

Got a withdrawal plan? Half of retirees lack a ‘decumulation’ strategy