Contribution Limit 401k 2024 Uk

Contribution Limit 401k 2024 Uk. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. This is an increase of $500 from the 2020 limit of $19,000.

This is an increase of $500 from the 2020 limit of $19,000. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.