401k Contribution Limits 2024 Age 55. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. 401 (k) contribution limits for 2024.
The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
401k Contribution Limits 2024 Age 55 Images References :