2024 401k Annual Compensation Limit 2024 . The 2024 401k compensation limit. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.
The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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