Maximum Contributions 401k 2024 Fidelity

Maximum Contributions 401k 2024 Fidelity. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. In 2023, this rises to $22,500.

The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.