401k Limit 2024 Employer Contribution Limits. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira. The limit is $30,500 for those who are age 50 or older.
The limit for employee contributions to a 401(k) is $23,000 in 2024 for those under age 50. The total overall 401(k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.