Max 401k Contributions For 2024 . Once you hit a certain age, you must withdraw a minimum amount from your 401 (k) plan per year. 2024 401 (k) elective deferral limit is $23,000, increasing to $23,500 in 2025.
Maxing out your 401 (k) means contributing up to your annual contribution limit for the year. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.
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