Compensation Limit 401k 2024. The 401(a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $345,000 in 2024. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.
Hces can face a 401(k) limit on the amount of income on which their employer can offer a contribution match. The 401(k) contribution limit for 2024 is $23,000.
