The IRS’s employee contribution limit is $23,000 for 2024. Employees who are 50 and older may make additional “catch-up” contributions up to $7,500 in 2024 for a total of $30,500.

You may make after-tax, non-Roth contributions beyond the IRS limits above and benefit from the Plan’s low fees. Total employer and employee 401(k) contributions may not exceed $68,000 (age 49 or younger) or $75,500 (age 50 and older) in 2024.

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