Min Laurel

2024 401k Max Catch Up Meaning. In 2022, for people under 50 years old, this limit is $20,500, increasing to. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.

This means that you cannot contribute more than $18,500 of your salary each year to a single retirement plan. In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by.