401k Contribution Limits 2024 Catch Up . The limit on employer and employee contributions is $69,000. The 401 (k) compensation limit is $345,000.
Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.
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