401k Catch Up 2024 Rules . The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. Fidelity reports that the average 401 (k) balance was $125,900 as of the first quarter of 2024.
Specifically, individuals who are at least 50 years old and earning. Employees can contribute wages and invest for retirement.
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