2024 401k Contribution Limits 2024 Catch Up Period

2024 401k Contribution Limits 2024 Catch Up Period. 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. In 2023 and 2024, this limit is $7,500.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.