2024 40k Limit Catch Up

2024 40k Limit Catch Up. This ensures that the limits remain meaningful as the cost of living increases. In 2024, employees can contribute up to $23,000 to a 401(k) plan, a $500 increase from 2023.

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. 401(k) (other than a simple 401(k)) 403(b) sarsep;