Updated 401(k) contribution limits for 2024 have been released.
Beginning January 1, 2024, employees are able to contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the Thrift Savings Plan for federal employees. The catch-up contribution limit for employees ages 50 and older who contribute to a plan will remain at $7,500. For questions or assistance with your employer retirement plan, please reach out to our Client HR Services team at chrsusers@millercooper.com.
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