Compensation Limit For 401k 2024 Over 50

Compensation Limit For 401k 2024 Over 50. In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50. That's an increase from the 2024 limit of $345,000.


Compensation Limit For 401k 2024 Over 50

Participants who are 50+ can save an additional $7,500 in 2024 in. Typically, a 401(k) plan may offer an employer match of 50 cents on the dollar, up to 6 percent of a worker’s salary, which would be the equivalent of 3 percent of compensation.

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