2024 2024 K Threshold Definition

2024 2024 K Threshold Definition. Contribution limits for 401 (k)s and other defined contribution plans: For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.

If you’re age 50 or older,. 5 for the 2023 plan year, an employee who earned more than $150,000 in 2022 is an hce.