Maximum 401k Contribution 2024 With Catch Up 2024

Maximum 401k Contribution 2024 With Catch Up 2024. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

For 2024, the limit for 401(k) plan contributions is $23,000, up from $22,500 last year, according to the irs. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.