Catch Up 401k Contribution 2024
Catch Up 401k Contribution 2024. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. If you are 50 or older, you can defer paying income tax on $30,000 in your 401(k) plan.
The 401 (k) compensation limit is $345,000. Employees 50 or older can contribute up to $30,500 with catch.