Total 401 K Contribution Limit 2024 Employer

Total 401 K Contribution Limit 2024 Employer. The big draw of a solo 401(k) is the high contribution limit. If you’re over the age of 50, you can contribute an additional $7,500.

Before deciding what to contribute this year, talk to a. For 2024, the solo 401(k) maximum contribution limit for the elective deferral is $23,000 if you’re age 50 and under.