Highly Compensated 401k Year 2024 . Each employer’s 401(k) plan has different features and may have other methods of handling contributions that exceed specified. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k).
In addition, the income limits to claim. Contributions from all sources—including employer 401(k) matching—are limited to $66,000.
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401(k) Contribution Limits for Highly Compensated Employees , Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.