2024 Retirement Plan Contribution Limits . Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. The irs increased 2024 contribution limits for 401(k)s, 403(b)s, and iras.
Irs releases the qualified retirement plan limitations for 2024: For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
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2024 Retirement Plan Contribution Limits , Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.
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401k 2024 Contribution Limit Chart , The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.