401k Contribution Limits 2024 Catch Up Total Cost. With this in mind, participants who are aged 50 and older can contribute. Total contributions cannot exceed 100% of an employee’s annual compensation.
The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023. The 401 (k) contribution limit will increase to $23,000 in 2024, up from $22,500 in 2023.
401k Contribution Limits 2024 Catch Up Total Cost Images References :