Irs 401k Compensation Limits 2024. The irs approved that eligible employees would make their election during open enrollment. 401 (k) contribution limits for 2024.
Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.