2024 401k Limits Catch Up Plan

2024 401k Limits Catch Up Plan. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.

The limit on employer and employee contributions is $69,000. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.