2024 401k Limits By Age . Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
Here’s how the 401(k) plan limits will change in 2024: You can contribute to more than one 401 (k) plan.
2024 401k Limits By Age Images References :
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401k Contribution Limits 2024 Age 50 Alys Lynnea , This means that your total 401 (k) contribution limit for 2024 is $30,500.
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401k Matching Limits 2024 Allis Bendite , The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.
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