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  • Writer's pictureJordan Cross

2024 Contribution Limits



The new Retirement Plan Contribution Limits are official!


The following limits are going up for 2024:

  • Maximum contributions for 401(k) increases to $23,000

  • Maximum contributions for individual retirement accounts (IRAs) increases to $7,000

  • Maximum contributions for highly compensated employees increased to $155,000


Review the full list of contribution limit changes below and share with your plan participants!



CrossPlans

23041 Avenida de la Carlota

Suite 300

Laguna Hills, CA 92653

714.210.4164

949.387.0611 Fax


This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.


©401(k) Marketing, LLC.  All rights reserved. Proprietary and confidential.  Do not copy or distribute outside original intent. 

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