2024 401k Limits Catch Up . The 401 (k) compensation limit is $345,000. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
This means you can invest a total of $30,000 if you are 50 or older. The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if you’re 50 or older).
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