Max 401k Contribution 2024 Employee. For 2024, there’s a slight increase in the amount you can save in your 401 (k) plan. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.
Those 50 and older can contribute. The dollar limitation for catch.
The Base 2024 Maximum 401K Contribution Limit For Employees Is $23,000 (+$500 Versus 2023).
Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50.
For 2024, Employees May Contribute Up To $23,000.
In 2023, the limits were $66,000, or $73,500 for people 50 and older.
For 2024, The 401(K) Limit For Employee Salary Deferrals Is $23,000, Which Is Above The 2023 401(K) Limit Of $22,500.
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The 2023 401 (K) Contribution Limit For Employees Was $22,500.
Salary reduction contribution up to $16,000 ($19,500 if age 50 or over) 5 employer contribution:
401(K) Contribution Limits In 2023 And 2024.
401(k) contribution limits for 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.