Irs 401k Employee Contribution Limits 2024

Irs 401k Employee Contribution Limits 2024. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. The 2024 ira contribution limit is $7,000, up from $6,500 in 2023.

The match amount for the year depends on the type of plan—the qslp match must be based on the same formula used to match the employee salary deferral contribution. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.