401k Limits 2024 Catch Up Chart. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. The limit on employer and employee contributions is $69,000.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.