Projected 2024 401k Contribution. The elective deferral limit (the maximum amount an individual can contribute from their salary) is projected to increase by $1,000 from the 2024 limit. 401k employer contribution deadline 2024 lotta diannne, according to the report, mercer envisions the irs increasing contribution limits by $500 in 2024 for not only 401 (k)s, but.
The irs sets a limit on how much can be put into a 401(k) plan every year, also known as an annual contribution limit. Retirement savers are eligible to put $500 more in a 401 (k) plan in 2024:
