401 K Plan Contribution Limits 2024 Olympics. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. The irs sets annual contribution limits for 401(k) plans, which can change yearly to account for inflation and other economic factors.
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. If youโre 50 or older, you.
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