401k Max 2024 Employer Contribution 2024

401k Max 2024 Employer Contribution 2024. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. Here's how the 401 (k) plan limits will change in 2024:

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. This brings the maximum amount they can contribute to their 401 (k)s to $30,500 in 2024 ($30,000 in 2023).