Elicia Georgie

401k Max 2024 Limit 2024. 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. The limit on employer and employee contributions is $69,000.

To understand how a solo 401 (k) works, think of contributing both as an employee of your company and as the employer. For those 50 or older, the limit is $30,500.