2024 401k Limit Catch Up

2024 401k Limit Catch Up. 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. This ensures that the limits remain meaningful as the cost of living.

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Annual employee deferrals to simple iras had a limit of $16,000 in 2024 but individuals aged 50 or.