2024 401k Limits And Matching Contributions

2024 401k Limits And Matching Contributions

2024 401k Limits And Matching Contributions. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.


2024 401k Limits And Matching Contributions

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. The 401 (k) contribution limit is $23,000 in 2024.

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