2024 401 K Contributions Limits . For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000. For 2024, the contribution limits for 401(k) plans have been increased.
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. You can contribute to more than one.
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