2024 401k Catch Up Rules

2024 401k Catch Up Rules

2024 401k Catch Up Rules. The irs sets the maximum that you and your employer can contribute to your 401 (k) each year. According to fidelity's data from the second quarter of 2024, here is the average 401(k) balance for people of different ages:


2024 401k Catch Up Rules

According to fidelity’s data from the second quarter of 2024, here is the average 401(k) balance for people of different ages: Adults 50 and older can contribute an additional $7,500 to their 401 (k) plans in 2024.

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