401k 2024 Employer Contribution Limit Irs

401k 2024 Employer Contribution Limit Irs. The internal revenue service (irs) does limit the. Should we stop their salary deferrals when their compensation reaches the annual compensation limit?.


401k 2024 Employer Contribution Limit Irs

Here are the contribution limits for 2024 and 2025. The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.

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