Maximum Compensation For 401k 2024

Maximum Compensation For 401k 2024. The 401 (k) compensation limit is $345,000. The 401 (k) contribution limit for 2024 is $23,000.


Maximum Compensation For 401k 2024

That is $500 more than you were allowed to. The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024.

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