401k 2024 Compensation Limit Irs

401k 2024 Compensation Limit Irs. Shrm online will share the irs changes when they are released. Under section 415(d), the adjustments are to be made.

401 (a) (17) and 408 (k) (3) (c) compensation will rise to $340,000 from $330,000 in 2023. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k).