Dori Marleah

401k Catch Up Contribution Limit 2024 Over 50. A type of retirement savings contribution that allows people over 50 to make additional contributions to their 401(k) and/or individual. Workers ages 50 and older have a higher annual 401(k) contribution limit than their younger peers.

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. 401(k) (other than a simple.