Employer Maximum 401k Contribution 2024. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. This amount is an increase of $500 from the 2023 401.
If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.
Employer Maximum 401k Contribution 2024 Images References :
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