401(k) Overview
Maximize Your Match
A 401(k) is the most powerful retirement savings tool available to employed Americans. MeyerTrust helps you understand your options, maximize contributions, and roll over old accounts with ease.
Explore Retirement Accounts401(k) Contribution Limits
| Year | Employee Limit | Catch-Up (50+) | Total Limit |
|---|---|---|---|
| 2024 | $23,000 | $7,500 | $69,000 |
| 2023 | $22,500 | $7,500 | $66,000 |
Why a 401(k) is your best retirement tool
No other account combines tax savings, employer contributions, and investment growth quite like a 401(k).
Pre-Tax Contributions
Reduce your taxable income today. Every dollar you contribute to a traditional 401(k) lowers your current year tax bill.
Employer Match
Many employers match a percentage of your contributions — that's free money. MeyerTrust helps you maximize every dollar of employer match.
Tax-Deferred Growth
Your investments grow without annual capital gains or dividend taxes. Compounding works faster when the IRS isn't taking a cut each year.
Easy Rollovers
Changed jobs? Roll your old 401(k) into a MeyerTrust IRA seamlessly. Keep your tax-advantaged status and gain more investment options.
Investment Flexibility
Choose from hundreds of stocks, ETFs, and funds within your 401(k). Build a portfolio that matches your risk tolerance and timeline.
Catch-Up Contributions
If you're 50 or older, you can contribute an extra $7,500 per year to accelerate your retirement savings in the final stretch.
Ready to take control of your 401(k)?
Roll over old accounts or open a new IRA. Our retirement team is here to help.
Get Started