2024 401k Contribution Limit Catch Up

2024 401k Contribution Limit Catch Up

2024 401k Contribution Limit Catch Up. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. The irs has officially announced the 401k and ira contribution limits for the year 2024.


2024 401k Contribution Limit Catch Up

Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.

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