2024 401k Contribution Limits For Rotary

2024 401k Contribution Limits For Rotary. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. See the limits for traditional 401(k)s, roth 401(k)s, employer contributions, and profit sharing.

This is an extra $500 over 2023. The income limits for the roth ira apply only to roth ira contributions, so you could still contribute to a traditional ira up to the $6,500 (or $7,500) limit for 2023, and $7,000 (or $8,000) in.