2024 Irs 401k Limit

2024 Irs 401k Limit. The 401 (k) employee contribution limit for 2024 is $23,000. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.


2024 Irs 401k Limit

The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021. Here’s how the 401 (k) plan limits will change in 2024:

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