401k 2024 Catch Up Contribution Limit Irs

401k 2024 Catch Up Contribution Limit Irs.  — the 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. She must receive a matching contribution of $7,000 (50% x $14,000) under the terms of the plan.