Max 401k Contribution 2024 Employer Contribution Limit

Max 401k Contribution 2024 Employer Contribution Limit. One of the main advantages of a sep ira is its simplicity and low administrative burden, making it easy to set up and maintain. The 401(k) contribution limit for 2024 is $23,000.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. The limit on employer and employee contributions is $69,000.