2024 Retirement Plan Contribution Limits

Rebecca Bitting Trust OfficerBy Rebecca Bitting, CTFA, CRSP, Vice President, Trust Officer

The Internal Revenue Service announced retirement plan contribution limits for 2024. For the most part the 2024 limits are unchanged from the 2023 limits. The notable changes were the increase in the Roth IRA eligibility threshold and the ability for 401(k) and SIMPLE IRA participants to increase their contributions, as well as IRA investors.

If you have questions or would like more details, please contact our Certified Retirement Services Professional (CRSP), Rebecca Bitting at  563.388.2575.

2024 Contribution Limits