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Contribution Limit 401k 2024

Contribution Limit 401k 2024. The 401 (k) contribution limit is $23,000 in 2024. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).


Contribution Limit 401k 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. 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.

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