401k Contribution Limits 2024 Catch Up Total Amount. The 401 (k) employee contribution limit for 2024 is $23,000. 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.
Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. Those 50 and older can contribute an additional $7,500.
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