401k Limits 2024 50 Years

401k Limits 2024 50 Years. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

Next there’s the overall contribution limit, which combines both employer and employee. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.