Compensation Limit 401k 2024
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The 401 (k) contribution limit is $23,000 in 2024.
In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. In 2024, this limit is either 100% of your salary or $69,000 if you are under age 50.