Annual 401k Limit 2024. Here's why you should update your account now, financial experts say. The elective deferral limit for employees contributing to 401(k), 403(b), and most 457 plans will rise to $23,000, up from $22,500 in 2023.


Annual 401k Limit 2024

The 2024 contribution limit for 401 (k) plans is $23,000, or $30,500 for those 50 and older. This amount is up modestly from 2024, when the individual 401(k).

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