Max 401k Catch Up Contribution 2024 . For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs. Total contributions cannot exceed 100% of an employee’s annual compensation.
Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. Those 50 and older can contribute an additional $7,500.
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