What Is The 401k Contribution Limit For 2024. The limit on employer and employee contributions is $69,000. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.

Employer matches don’t count toward this limit and can be quite generous. 401(k), 403(b) and 457 elective deferral limit:

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What Is 401k Contribution Limit For 2024 Jodie, The irs has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023.

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