Catch Up 401k Limit 2024 Employer

Catch Up 401k Limit 2024 Employer. 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. For 2024, your employer can only consider up to $345,000 in compensation to calculate any contribution it makes to your 401 (k) plan, whether through 401 (k).

The contribution limit for employees who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government’s thrift savings plan, however, will. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if.