2024 401k Contribution Limits Catch Up. For a 401(k) plan, the relevant statutory contribution limits are set forth in irc section 401(a)(30), which limits the amount of elective deferrals to the dollar amount in irc section 402(g), and irc section 415(c), which limits the annual addition to a participant’s account in a defined contribution plan to the lesser of 100% of the. What is the 401k limit for 2024 catchup lisa sheree, 401k contribution limits 2024 catch.
Contribution limits for health savings accounts (hsas) have also been announced. Individuals aged 50 and older can contribute an additional $7,500 to their traditional 401 (k) accounts, bringing their total contribution limit to $30,500.
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