2024 Max 401k Contribution Over 55. The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to $71,000,. You can contribute to more than.
The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. If you have a traditional 401 (k), your contributions will reduce your taxable income for the year.
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