401 K Contribution Limit 2024

401 K Contribution Limit 2024. This amount is up modestly from 2023, when the individual. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.

For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The total maximum that can be tucked away in your 401 (k) plan, including employer contributions and allocations of forfeiture, is $76,500 in 2024.