2024 401 K Contributions Limits. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024.
This amount is an increase of. 401 (k) contribution limits in 2023 and 2024.