For older workers 50 and up, additional catch-up contributions are
permitted. Catch up contributions are additional elective contributions
older workers can make on top of the $18,500 every eligible worker can
invest. In 2017, older workers were allowed to make catch-up
contributions of $6,000. This amount did not increase in 2018, so
workers 60 and over will be allowed to contribute a maximum of $24,500
in elective contributions in 2018, compared with $24,000 in 2017.
