401k Contribution Limits 2024 Catch Up 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. This amount is an increase of $500 from the 2023 401 (k).
401 (k) contribution limits for 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.