401k Limits 2024 Over 50 Catch Up

401k Limits 2024 Over 50 Catch Up. Participants who are 50+ can save an additional $7,500 in 2024 in. For 2024, the limit is $23,000 for individuals under 50, with an additional catch.


401k Limits 2024 Over 50 Catch Up

The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024. The irs sets annual contribution limits and exceeding these limits can result in penalties.

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