2024 401k Annual Compensation Limit


2024 401k Annual Compensation Limit. For 2024, the contribution limits for 401(k) plans have been increased. The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions.


2024 401k Annual Compensation Limit

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. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.

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