401k Catch Up 2024 Rules. This limit will likely be adjusted. As of the end of 2023, participants in vanguard's 401 (k) plans between the ages of 45 and 54 had an average balance of $168,646.
Employees can contribute wages and invest for retirement. 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 the end of the calendar year.