2024 401k Contribution Limit. In 2024, the irs has increased the standard employee contribution limit for 401 (k) plans to $23,000. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

Additionally, the total contribution limit for defined. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.