2024 401k Contribution Limit Catch Up. Those 50 and older can contribute an additional $7,500. 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.
This dollar amount is the same as in 2023. The limit for overall contributions—including the employer match—is 100%.
Total 401 (K) Plan Contributions By An Employee And An Employer Cannot Exceed $69,000 In 2024.
This dollar amount is the same as in 2023.
The Limit On Employer And Employee Contributions Is $69,000.
You can contribute to more than one.
2024 401k Contribution Limit Catch Up Images References :
This Dollar Amount Is The Same As In 2023.
Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs.
For 2024, The Employee Contribution Limit For 401 (K) Plans Is $23,000, Up From $22,500 In 2023.
The limit on employer and employee contributions is $69,000.