Highly Compensated Employee 2024 401k Limit

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Highly Compensated Employee 2024 401k Limit. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. For 2023, highly compensated employees can contribute up to $22,500 to a 401 (k) plan.


Highly Compensated Employee 2024 401k Limit

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. This limit includes all elective employee salary deferrals and any contributions.

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