What Is The Max 401 Contribution For 2024

What Is The Max 401 Contribution For 2024. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.

This year the irs announced there will be an increase to the maximum employee 401(k) contribution limit for 2024, increasing it to $23,000, a $500 increase. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.