2024 401k Limits And Catch Up Limits Over 50. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. You can contribute to more than one.

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. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.