Sibel Velvet

2024 401k Catch Up Provision. In 2024, if you’re still working, you can make a maximum annual contribution of $23,500 to your employer’s retirement plan. $13,500 in 2020 and 2021;

The irc section 401 (a) (30) limit for 2018 is $18,500. This provision effectively negates the need under prior law to roll the deceased spouse’s plan interest into an ira to receive a more favorable distribution.