2024

Compensation Limit For 401k 2024

Compensation Limit For 401k 2024. Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation. For 2024, the 401 (k) limit for employee salary deferrals


Compensation Limit For 401k 2024

If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. Those 50 and older can contribute an additional $7,500.

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