401k Max Contribution 2024

401k Max Contribution 2024

401k Max Contribution 2024. 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. For 2023, irs set the 401 (k) contribution limit to $22,500, reflecting an increase of $1,000 from 2022.


401k Max Contribution 2024

 — regardless of the plan type, the total annual contribution limit must not exceed 100% of employees’ annual compensation.  — let’s take a look.

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