401k Contribution Limit 2024

401k Contribution Limit 2024. For 2024, the contribution limit for employees participating in a 401k plan has increased to $23,000 from last year’s limit of $22,500. See the limits for traditional 401(k)s, roth 401(k)s, employer contributions, and profit sharing.

The 401(k) contribution limit for 2024 is $23,000 for employee salary deferrals, and $69,000 for the combined employee and employer. The 2025 limit on annual contributions to an ira will be $7,000, the same as 2024.