October 9, 2024

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2024 401k Contribution Limits For Simple 401k Limits

2024 401k Contribution Limits For Simple 401k Limits. 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. In addition, your employer may offer matching, profit.


2024 401k Contribution Limits For Simple 401k Limits

A simple 401(k) limits employees to $15,500 in contributions for 2023 and $16,000 in 2024. The additional contribution amount is $3,500 in 2023 and 2024.

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