401k 2024 Employer Contribution Limit Irs

401k 2024 Employer Contribution Limit Irs. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. The irs limits how much employees and employers can contribute to a 401 (k) each year.

The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.