2024 Max 401 K Contribution. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The contribution limit will increase from $22,500 in 2023 to $23,000.
The irs limits how much employees and employers can contribute to a 401(k) each year. Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.
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