Federal 401k Contribution Limit 2024
Federal 401k Contribution Limit 2024. According to a review of fidelity 401k accounts, the number of participants with over $1 million in assets within the account has increased by 15% in the first quarter of. The 2024 401 (k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.
This amount is an increase of. 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.