401k Limits 2024 Catch Up Over 55

401k Limits 2024 Catch Up Over 55. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. Before the secure act 2.0, the original owner of a.

The annuity sponsor, 401 (k) administrator, or ira custodian should conduct the valuation and inform the account owner. The irs revisits these numbers annually and, if necessary, adjusts.