Irs 401k Employee Contribution Limits 2024. There are limits to how much employers and employees can contribute to a plan (or ira) each year. These accounts are popular retirement savings.
There are limits to how much employers and employees can contribute to a plan (or ira) each year. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.