401(k) Contribution Limits Announced

11/01/2023 2:25 PM | Maggie Garry (Administrator)

The IRS announced 2024 contributions rates will increase by $500 for an annual election of $23,000 for 401(k), 403(b), or 457 plans.  The age 50 catch-up contribution limit will remain the same at $7,500.    

Sioux Empire SHRM is a 501(c)6 non-profit organization. | PO Box 1302 | Sioux Falls, SD 57101 | Chapter #217

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