What Is The Limit For 401k Contributions In 2024

What Is The Limit For 401k Contributions In 2024. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Employers can only use the first $345,000 of compensation to determine your 401(k).

The dollar limitation for catch. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.