What Is The Limit For 401k Contributions In 2024 Uk

What Is The Limit For 401k Contributions In 2024 Uk. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. 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.

The limit on employer and employee contributions is. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.