401k Contribution Limit 2024 Catch Up Over 60 . Simple 401 (k) or simple ira: The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024.
Beginning in 2024, the secure act 2.0 will index ira catchup contribution limits for inflation, making it likely that higher catchup contributions will be permitted. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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