2024 Irs 401k Contribution Limits . 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. In general, it offers more investment options than a 401 (k), but contribution limits are much lower.
Workplace retirement plan contribution limits for 2024. The maximum contribution to a 401(k) plan is $23,000 in 2024 if you are younger than 50 years old.
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