2024 401k Annual Compensation Limit

2024 401k Annual Compensation Limit. The limit on employer and employee contributions is $69,000. For example, use the 2023 lookback compensation to determine.


2024 401k Annual Compensation Limit

For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000. For 2024 you may contribute up to $23,000 to your employer’s 401 (k) plan.

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