This applies to 401(k), 403(b), and governmental 457(b) plans that currently offer catch-up contributions. It’s also important to note that this change is optional for employers. So, each plan ...

In its August 25 guidance, the IRS also clarified that plan participants age 50 and older can make pretax catch-up contributions in 2023. Earlier, plan sponsors said technical language in SECURE ...

The 401(k) Catch-Up Contribution Limit for 2024 Workers can defer paying income tax on as much as $23,000 on contributions to a 401(k), 403(b) and the federal government's Thrift Savings Plan in 2024.

Starting in 2025, you can boost your 401(k) plan with higher deferral limits and catch-up contributions for some older workers. Many plans also have a "true-up" feature, which allows workers to ...