Irs 401k Employee Contribution Limits 2024. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. Deferred compensation limits for all employees under age.
However, there is a limit that applies to total contributions, meaning the sum of the employee portion and employer match. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.