401k Max 2024

401k Max 2024. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. In 2024, the irs limits total 401 (k) contributions to $69,000 or 100% of the employee’s compensation, whichever is less.


401k Max 2024

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).

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