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