2024 401k Contribution Limit And Catch Up

2024 401k Contribution Limit And Catch Up. 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. Total contributions cannot exceed 100% of an employee’s annual.

The agency also boosted the contribution maximums for iras and lifted the limit to $7,000 for 2024, up from $6,500 in 2022. The dollar limitation for catch.