2024 401k Contribution Limit Catch Up 2024. The 401 (k) compensation limit. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Bringing the total deferral to $34,250.