401k 2024 Maximum Contribution In India

401k 2024 Maximum Contribution In India. The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. This amount is up modestly from 2023, when the individual 401(k) contribution limit was $22,500, or $30,000 for employees who were 50 or older.

The total maximum that can be tucked away in your 401 (k) plan, including employer contributions and allocations of forfeiture, is $76,500 in 2024. Contributions to 401 (k)s can be automatically deducted from your paycheck.