A catch-up contribution is a contribution to a retirement savings plan in addition to the standard limit. It's typically reserved for people aged 50 and older. Boosting your retirement savings in ...

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 ...

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.

However, the mistake complicated challenges with implementing the catch-up contribution change that, until recently, was supposed to be effective this year (2024). Numerous employers, plan ...