401k Limit 2024 Combined Amount

401k Limit 2024 Combined Amount. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023’s limit. The limit for contributions made by employers and employees combined cannot exceed the lesser of 100% of an employee's compensation or $69,000 in 2024,.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. 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.