A special catch-up provision permits workers age 50 or older to contribute an additional ____ to most employer-sponsored plans.

Question

Quizplus · Accepted Answer

The special catch-up provision allows workers age 50 or older to contribute an additional $5,500 to most employer-sponsored plans, as of the year 2021. This is in addition to the regular contribution limit of $19,500 for 401(k) plans and $6,000 for traditional and Roth IRAs. Therefore, option C is the correct answer.

A Special Catch-Up Provision Permits Workers Age 50 or Older