What Is The Max 401k Contribution For 2024

What Is The Max 401k Contribution For 2024. The total maximum that can be tucked away in your 401 (k) plan, including employer contributions and allocations of forfeiture, is $76,500 in 2024. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.

Contribution limits for a roth 401(k) are the same as for a traditional 401(k). The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.