Max Compensation For 401k 2024
Max Compensation For 401k 2024 . (for 2023, it's $330,000.) there is also an absolute limit, which is the total of all contributions to a 401 (k) plan. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.
Here’s what you need to know about that maximum, employer matches and how much you should contribute. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.
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