Solo 401 K Contribution Limits 2024 Employer Match

Solo 401 K Contribution Limits 2024 Employer Match. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. In 2024, individuals with a solo 401 (k) can contribute a maximum amount on the employee end and the employer side of the equation.

For 2024, you can contribute up to $69,000 to your solo 401 (k), or $76,500 if you’re 50 or older. In 2024, the irs limits total 401 (k) contributions to $69,000 or 100% of the employee’s compensation, whichever is less.