401k Contribution Limits 2024 After Taxation

401k Contribution Limits 2024 After Taxation. 401(k) contribution limits for 2024. The member’s contribution rate is 5% of base pay.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. 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.