401k Contribution Limits 2024 Employer

401k Contribution Limits 2024 Employer. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. The 401 (k) contribution limit is $23,000.

If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. The limit for combined contributions made by employers and employees cannot exceed the lesser of 100% of an employee’s compensation or $69,000 in 2024,.