What Is The 401 K Contribution Limit For 2024 Over 55


What Is The 401 K Contribution Limit For 2024 Over 55. The overall 401 (k) limits for employee and employer. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).


What Is The 401 K Contribution Limit For 2024 Over 55

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. The 401(k) contribution limit is $23,000.

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