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Maximize your savings with a catch-up contribution

Catch-up contributions have been available since 2001 and are offered by most 401(k) plans. If you’re 50 or older, you can contribute extra savings to your retirement plan each year. This additional amount, known as a catch-up contribution, helps you grow your retirement savings faster.

For example, if the regular annual contribution limit is $24,500, you may be able to contribute an extra $8,000 once you turn 50—bringing your total contribution to $32,500.

Introducing the new super catch-up contribution

Starting in 2026, if you are aged 60, 61, 62, or 63, you may be eligible to contribute more to your retirement savings through a new super catch-up provision.
This provision temporarily raises the catch-up limit during these four years—and only these four years— providing you with an opportunity to significantly accelerate your retirement savings.

There are important age restrictions:

• You must turn 60 on or before December 31 to qualify for the super catch-up.
• You cannot contribute under this rule if you turn 64 at any point during the calendar year. For example, if your 64th birthday is on January 2, you won’t be eligible for the super catch-up that year.

How much can you contribute?

Here’s an example of how the super catch-up increases your limit:

What should you do next?

• Ask your employer: Check if your retirement plan will offer the super catch-up option.
• Plan your contributions: Use this opportunity to increase your savings and get closer to your retirement goals.
• Reach out for support: Contact your plan administrator for more information on how to maximize your contributions.

Need guidance?

Whether you’re nearing retirement or working to build your savings, we’re here to help. Contact us today to explore your options and create a plan future. Maximizing your retirement savings is one step you can take to help build financial security.

For more information, please contact:

This communication is for educational and informational purposes only. The content does not purport to present a complete picture, but we believe the information is representative of issues and needs facing some clients. This should not be construed as specific ERISA, investment, tax, or legal advice. Individuals should seek advice from their wealth advisor or other advisors before undertaking actions in response to the matters discussed. No client or prospective should assume the above information serves as the receipt of, or substitute for, personalized individual advice. All tax laws and regulations discussed are subject to change.

Nothing contained in this communication may be relied upon as a guarantee, promise, assurance, or representation as to the future. Investing involves risk, including, but not limited to, loss of principal.

This is prepared using third party sources considered to be reliable; however, accuracy or completeness cannot be guaranteed. RO-25-4899280

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* Dopkins Wealth Management, LLC is a registered investment advisor owned by the partners of Dopkins & Company, LLP.

Disclosure: This presentation and its contents are for informational purposes only and should not be used as the basis for investment decision. Additional information and disclosure on Dopkins Wealth is available via our Form ADV which is available upon request or at www.adviserinfo.sec.gov.

About the Author

Chad R. O’Connell AIF

Chad manages Dopkins’ retirement plan services group, which focuses on investment management, consulting and fiduciary governance services to corporations and not-for-profit entities. In addition, Chad also provides financial services to high net worth individuals and business owners.

About the Author

Treg A. Lewis

Treg is responsible for providing financial solutions for individuals, businesses and employee benefit plans. His goal is to help clients enjoy the confidence that results from identifying what matters most to them, create strategies that align with their values and help them leave a legacy for future generations. He enjoys educating clients so they can be confident in the financial decisions they make in pursuit of their goals.