Federal law limits the total amount of voluntary contributions you can make each year. This limit is subject to change periodically. The limit for 2024 is $23,000.
In addition, if you will be age 50 or older by the last day of the calendar year, you can make catch-up contributions as well. For 2024, you can contribute up to an additional $7,500.
These limits to voluntary and catch-up contributions apply to your contributions to this Plan and all contributions you make to any 401(k)/403(b) plans of any other employer in the same calendar year. HCA Healthcare will monitor your contributions so that you will not exceed the limit under the HCA 401(k) Plan. However, if you contribute to a 401(k) or 403(b) plan of any other employer, it is your responsibility to monitor compliance with these limits.
To access more details about the 401(k) Plan contributions, go to HCAGHR.com, click Benefits, and click on BConnected.
Remotiv is not affiliated with HCA Healthcare and is a private company hired to provide independent investment education. All responses are intended to be educational in nature and should not be considered advice.