2024 401k Contribution Limit Catch Up Rate. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.
All new limits will go into effect. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.
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