Irs 401 Max 2024. That's crucial info for participants in nonqualified deferred comp (nqdc) plans. For 2024, the contribution limits for 401 (k) plans have been increased.


Irs 401 Max 2024

As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023.

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