The IRS announced that employee 401(k) contributions in 2020 can increase by $500 to $19,500. For participants ages 50 and over, the additional “catch-up” contribution limit will rise to $6,500, up by $500.
Keep these amounts in mind for 2020.
The IRS announced that employee 401(k) contributions in 2020 can increase by $500 to $19,500. For participants ages 50 and over, the additional “catch-up” contribution limit will rise to $6,500, up by $500.
Keep these amounts in mind for 2020.