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The limit actually didn't go up this year.

• CydeWeys 6y ago
  To restate: It goes up over time, not necessarily strictly every year. Though this year the all-source contribution limit went from $57k to $58k, which benefits those of us taking advantage of megadoor 401ks. And while the IRS is trying to match inflation, companies aren't necessarily, so having no limit lets you march along with inflation whereas having a defined limit that your company isn't increasing to keep pace with inflation will leave you falling behind.