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Home » Another Rise in Retirement Contribution Limits May Be on the Way
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Another Rise in Retirement Contribution Limits May Be on the Way

News RoomBy News RoomAugust 25, 20230 Views0
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Inflation appears to be on the wane, but it is still likely running hot enough to give a little boost to your efforts to save through a workplace retirement plan. The base contribution limit for 401(k), 403(b) and eligible 457 plans is likely to rise again for 2024, to $23,000, according to projections from the asset management firm Mercer. That would be a $500 increase from the base limit for…

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