Max 401k Catch Up Contribution 2024 Date . Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers. Total contributions cannot exceed 100% of an employee’s annual compensation.
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The limit for overall contributions—including the employer match—is 100%.
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