2024 401k Limits And Matching Limits

2024 401k Limits And Matching Limits. Workplace retirement plan contribution limits for 2024. The rates have increased so make sure you're maxing out your contributions

Although mary earned $360,000, your plan can only use up to $280,000 of her compensation when applying the matching. 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.