Tomi Olivia

401k Limits 2024 50 Percent. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000. 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.

Those 50 or older can make a. The irs this week announced it was raising the 401 (k).