401k Contribution Limits 2024 Over 50 Years

401k Contribution Limits 2024 Over 50 Years. The irs sets a limit on how much can be put into a 401(k) plan every year, also known as an annual contribution limit. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

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 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.