401k Annual Compensation Limit 2024 Fidelity. The annual contribution limit is $23,000 in 2024 and $23,500 in 2025. Unless your plan terms provide otherwise, the salary (elective) deferral limit is applied uniformly to the compensation that the employee receives throughout the year.


401k Annual Compensation Limit 2024 Fidelity

The limit on total employer and employee contributions for 2024 was $69,000 or 100% of employee compensation, whichever was less. (in 2023, it’s $66,000.) if you’re 50 or older, you have an absolute limit of $76,500 or 100% of.

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