What Is The 401k Limit For 2024. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.