2024 401k Limits Contribution 2024

2024 401k Limits Contribution 2024. These limits are set by the internal revenue. The 2024 contribution limit for 401(k) plans is $23,000.


2024 401k Limits Contribution 2024

The 401(k) contribution boost for 2024 is lower than the $2,000 jump that occurred for 2023, but is still significant for the many employees who are falling short of their retirement goals. 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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