Hello Chris,


The new Retirement Plan Contribution Limits are official!


The following limits are going up for 2024:


  • Maximum contributions for 401(k), 403(b) and 457 increases to $23,000
  •  Maximum contributions for individual retirement accounts (IRAs) increases to $7,000
  • Maximum contributions for highly compensated employees increased to $155,000
  • Maximum contributions for SIMPLE retirement accounts increased to $16,000



Review the full list of contribution limit changes below and share with your plan participants!

2024 Contribution Limits

Thank you! 

 
 
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