Irs 401k Employer Contribution Limits 2024. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. You can contribute to more than one.