Maximum Compensation For 401k 2024. Learn the annual salary deferral, compensation and contribution limits for 401k plans in 2024. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.
Pay attention to these new 401 (k) rules. The irs has announced that the annual contribution limit for iras and most employer retirement plans will increase by $500 to $23,000 for 2024.