Limit On 401k Contributions 2024. In 2024, employers and employees together can. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.

The 401 (k) contribution boost for 2024 is. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.