401k Contribution Limits 2024 Employer Contribution. The limit for employee contributions to a 401(k) in 2024 is $23,000 for those under 50. Employer 401 (k) matching doesn't apply toward the 401 (k) contribution limit, but there is a higher limit to watch our for.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.