2024 401 K Contribution Limit Over 50. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. This limit includes all elective employee salary deferrals and any contributions.
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. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
2024 401 K Contribution Limit Over 50 Images References :
