401k 2024 Limit

401k 2024 Limit

401k 2024 Limit. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000. The total contribution limit for 401 (a) defined contribution plans under section 415 (c) (1) (a) increased from $66,000 to $69,000 for 2024.


401k 2024 Limit

You can contribute to more than one 401(k) plan. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).

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