401k Contribution Limits 2024 Employer 2024

401k Contribution Limits 2024 Employer 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000.

The irs limits how much employees and employers can contribute to a 401 (k) each year. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.