Retirement Plan Limits for 2024
The IRS recently released Notice 2023-75, which announced 2024 cost-of-living adjustments that should be noted for retirement planning purposes. Plan administrators should ensure they pass along this new information to their participants and payroll providers, so they have all the required information when planning for 2024 retirement plan contributions.
Below is a chart that outlines the 401(k) and Retirement Plan Limits for Tax Years 2018 – 2024:
