2024 401k Contribution Limits 2024. The 401(k) contribution limit is $23,000. The irs has announced that the annual contribution limit for iras and most employer retirement plans will increase by $500 to $23,000 for 2024.

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Employee 401(k) contribution limits for 2024 as of 2023, individual employees have a 401(k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401(k) account.