Catch Up Max Contribution For 2024. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The limit on employer and employee contributions is $69,000.
Workers who contribute to a 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan can contribute. Individuals aged 50 and older can contribute an additional $7,500 to their traditional 401(k) accounts, bringing their total contribution limit to $30,500.
The Limit On Employer And Employee Contributions Is $69,000.
In 2024, individuals under age 50 can contribute up to $23,000 to traditional and roth 401 (k) plans.
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Workers Who Contribute To A 401 (K), 403 (B), Most 457 Plans, And The Federal Government's Thrift Savings Plan Can Contribute.
The limit on employer and employee contributions is $69,000.