What Is The 401k Limit 2024

What Is The 401k Limit 2024. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).


What Is The 401k Limit 2024

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. Employers can only use the first $345,000 of compensation to determine your 401 (k) match.

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