401k Contribution Limits 2024 Catch Up Total Contribution Limit

401k Contribution Limits 2024 Catch Up Total Contribution Limit. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The 401 (k) compensation limit is $345,000.

Your contributions also can’t exceed 100% of your total salary. 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.