Alia Louise

Employer 401k Contribution Limits 2024. The 401 (k) contribution limit is $23,000 in 2024. The total contribution amount allowed for all 401(k) accounts held by the same employee (regardless of current employment status) is $69,000 in 2024 or 100% of compensation, whichever is less.

For 2024, that’s $23,000, up from $22,500. The elective deferral (contribution) limit for employees who participate in a 401 (k) plan is $22,500 in 2023 ($23,000 in 2024).