401k Limit 2024 50 Percent
401k Limit 2024 50 Percent . The 401(k) contribution limit for 2024 is $23,000. What happens if you go over the limit?
The 2024 limit on 401(k) contributions is $23,000, or $30,500 for people 50 and older. Typically, a 401(k) plan may offer an employer match of 50 cents on the dollar, up to 6 percent of a workerโs salary, which would be the equivalent of 3 percent of compensation.
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