Contribution Limit 401k 2024. Increased by $500 from 2023 to 2024, allowing employees under 50 to contribute up to $23,000. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). The limit on compensation that can be used to factor your contribution is $345,000 in 2024.