401k Contribution Limits 2024 Catch Up In India

401k Contribution Limits 2024 Catch Up In India. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.

Contribution limits for a roth 401(k) are the same as a traditional 401(k). Total contributions cannot exceed 100% of an employee’s annual compensation.