Annual Compensation Limit 401k 2024. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The limit on employer and employee contributions is $69,000.
