What Is The 401k Limit For 2024. The contribution limit will increase from $22,500 in 2023 to $23,000. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.

The simple ira and simple 401 (k) contribution limits will increase from $15,500 in 2023 to $16,000 in 2024. This amount is an increase of $500.