Juana Marabel

401 K Plan Contribution Limits 2024 Chart. The following chart lists the maximum 401 (k) plan contribution limits and contribution limits from previous years. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. Find out the irs limit on how much you and your employer can contribute to your 401 (k) retirement savings account in 2023 and 2024.