Irs 401k Employer Contribution Limits 2024

Irs 401k Employer Contribution Limits 2024. There are limits to how much employers and employees can contribute to a plan (or ira) each year. What the new 401k contribution limit means for you.

Those 50 and older can contribute an additional $7,500. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.