November 30, 2024

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Solo 401k Employer Contribution Limits 2024

Solo 401k Employer Contribution Limits 2024. This is a $500 increase from the 2023 limit. The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.


Solo 401k Employer Contribution Limits 2024

With a solo 401 (k), depending on your salary and age, you can contribute $69,000 per year or $76,500 for those 50 or older in 2024. $7,000 for individuals under the age of 50.

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