401k 2024 Compensation Limit Irs

401k 2024 Compensation Limit Irs. That's crucial info for participants in nonqualified deferred comp (nqdc) plans. The irs also sets annual compensation limits in order to ensure the fair participation of all employees who participate in 401(k) plans.


401k 2024 Compensation Limit Irs

For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000. The 401(k) contribution limit for 2025 is $23,500, up from $23,000 in 2024.

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