Employee Contribution Limit 401k 2024

Employee Contribution Limit 401k 2024. For 2024, the employee contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. Nps contribution limit for employer in private sector raised from 10% to 14% of the employees basic salary.


Employee Contribution Limit 401k 2024

Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. This marks a $500 increase from the 2023 limit of $22,500.

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