401 K Plan Contribution Limits 2024 Employer Match
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401 K Plan Contribution Limits 2024 Employer Match. A 401 (k) is a trusty tool to help workers gather retirement savings. Contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the irs.
The annual contribution limit varies depending on your age. If your employer offers both a 403 (b) and a 401 (k), you can contribute to both plans to boost your retirement savings.
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