4. For 2022, the IRS’s employee contribution limit is $20,500. Employees who are 50 and older may make additional “catch-up” contributions up to $6,500 for a total of $27,000.

Good-to-know: You may make after-tax, non-Roth contributions beyond the IRS limits above and benefit from the Plan’s low fees. In 2022, total employer and employee 401(k) contributions may not exceed $61,000 (age 49 or younger) or $67,500 (age 50 and older).

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