401k Contributions 2024 Limit In India. Set by the internal revenue service (irs), this limit undergoes periodic adjustments to account for inflation and changes in the cost of living. It's typically for one of two reasons:
The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. For 2024, the compensation limit (which is the amount of your income thatโs used to figure out 401(k) contributions and matches) is limited to $345,000.