401k Contribution Limits 2024 Employer And Employee

401k Contribution Limits 2024 Employer And Employee. Cash balance plans offer savings opportunities in addition to those in 401 (k) profit sharing plans. Deferred compensation limits for workers ages 50 and older.


401k Contribution Limits 2024 Employer And Employee

The 401(k) contribution limit for 2024 is $23,000 for individuals under the age of 50. In 2024, you and your employer’s contributions to your 401(k) can’t be more than $69,000, up from $66,000 in 2023.

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