Annual 401k Contribution Limit 2024. So, those aged 50 or over can contribute a total of $30,500 to their 401 (k) during 2024. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. The 401(k) contribution limit is $23,000.