2024 401k Contribution Limits For Simple 401k

2024 401k Contribution Limits For Simple 401k. 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. Total contributions to a solo 401 (k) cannot exceed $69,000 or $76,500 for those at least aged 50.

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