Compensation Limit For 401k 2024 Salary

Compensation Limit For 401k 2024 Salary. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs.


Compensation Limit For 401k 2024 Salary

For 2024, the contribution limit increases again to $23,000. The ira catch‑up contribution limit for individuals aged 50.

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