Additional tax-deferred funds that are set aside for retirement and are placed into retirement accounts such as a 401(k). Catch-up contributions are used by people who are over 50 years old and have less time to take advantage of compounding. Also, these may have a maximum contribution limit, which depends on the type of retirement account used by the contributor and the year the contribution is made.
Related information about catch-up contributions:
- Fact Sheet: Catch-up contributions - Thrift Savings Plan
What are catch-up contributions? “Catch-up contributions” are supplemental employee contributions that employees age 50 or older (or turn- ing age 50 during ...
- Catch-Up Contribution Definition | Investopedia
Originally, the ability to make catch-up contributions under EGTRRA was set to end ... However, the Pension Protection Act of 2006 made catch-up contributions ...
- 401(k) Resource Guide - Plan Participants - Limitation on Elective ...
Oct 22, 2012 ... An employer is not required to provide for catch-up contributions in any of its ... However, if your plan does allow catch-up contributions, it must ...
- The Basics on Catch-Up Contributions in 401k Plans ...
The Basics On The New Catch-Up Contributions Allowed In 401k Plans.
- What are catch-up contributions?
Catch-up contributions are designed to help you make up any retirement savings shortfall by bumping up the amount you can save in the years leading up to ...
- 401k Contribution and Catch up Limits
Explains 401k contribution limits in detail, including pre-tax versus after-tax, total and catch up contributions, and those for highly compensated employees.
- Catch-up contributions
Jan 1, 2008 ... Catch-up contributions can resuscitate a retirement plan for people who have not saved enough.
- Catch-Up Opportunities
The total amount of Age 50+ Catch-up contributions that you make to all 403(b), 401(k), SEP, and SIMPLE plans in 2010 cannot exceed $5,500, even if you work ...