The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.
Irs 401K Limits 2024 Employer Match.
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
If You Participate In A 401(K) Retirement Savings Plan At Work, Your Personal Contribution Limit In 2024 Is $23,000.
The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023.
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