What Is The 401k Limit For 2024 In India

What Is The 401k Limit For 2024 In India. 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. For employer sponsored plans including 401 (k), 403 (b) and 457 retirement plans—as well as thrift savings plans, a type of account.

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 401(k) compensation limit is $345,000.