2024 Max 401k Contribution Catch Up Contribution . 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. The limit on employer and employee contributions is $69,000.
The 401 (k) compensation limit is $345,000. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.
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