What Is The 401k Limit For 2024

What Is The 401k Limit For 2024. The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024.


What Is The 401k Limit For 2024

Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. Employer matches donโ€™t count toward this limit and can be quite generous.

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