2024 401k Limits And Catch Up Limits 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The 401 (k) compensation limit is $345,000.
Employees 50 or older can contribute up to $30,500 with. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.