401k Annual Limit 2024. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. Participants aged 50 years or older can contribute an additional $7,500 in.


401k Annual Limit 2024

For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500. For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000.

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