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How much may I contribute to the 401k Plan?

Catch-up contributions for 401k plan

Catch-up contributions for 401k plan - 401k, 401(k),401k Plan, 401k fund , 401k Guide, retirement,reach retirement, 401k Fund Selection Strategy, advice, invest,stock,stocks,trading,stock market,investing,make money,stock trading,day trading For tax years beginning after 2001, a plan may permit participants who are age 50 or over at the end of the calendar year to make additional elective deferral contributions. These additional contributions (commonly referred to as catch-up contributions) are not subject to the general limits that apply to 401k plan.


An employer is not required to provide for catch-up contributions in any of its plans. However, if your plan does allow catch-up contributions, it must allow all eligible participants to make the same election with respect to catch-up contributions.


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