2024 401k Catch Up Max

2024 401k Catch Up Max.  — the irs has officially announced the 401k and ira contribution limits for the year 2024. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.  — according to fidelity, the median 401(k) balance across their accounts is $28,900 as of early 2024.