2024 401k Annual Compensation Limit. That's an increase from the 2023 limit of $330,000. The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024.


2024 401k Annual Compensation Limit

Employees can contribute up to $22,500, up from $22,000 in 2023. Annual compensation limit 401k 2024.

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