Question: Jared, age 5 2 , eams $ 3 6 0 , 0 0 0 per year and is a participant in his employer's 4 0

Jared, age 52, eams $360,000 per year and is a participant in his
employer's 401(k) plan. What is the maximum total
contribution amount that Jared will have under the 401(k) plan in
2024, assuming his company contributes using a non-elective
deferral in a Safe Harbor Plan?
A. $30,500
B. $40,850
C. $41,300
D. $69,000
Jared, age 52, eams $360,000 per year and is a participant

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