Compensation Limit 401k 2024

Compensation Limit 401k 2024. The 401 (k) compensation limit is $345,000. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.


Compensation Limit 401k 2024

That limit also applies to 457, 403 (b) and the federal. For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs.

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