What Is The 401k Limit For 2024 Catch-Up . The limit on total employer and employee contributions for 2023 was. Tom is a participant in a 401 (k) plan.
Specifically, individuals who are at least 50 years old and earning more. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.
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What are the 401k Catchup contribution limits for 2024? Maximizing , Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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