2024 401k Catch Up Contributions
2024 401k Catch Up Contributions . Every year, by regulation, the irs revises how much you can contribute to your retirement plan that year. The limit on employer and employee contributions is $69,000.
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. The 401 (k) compensation limit is $345,000.
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