Employee 401k Contribution Limits 2024. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401 (k), 403 (b), and most 457 plans. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.
401k standard contribution limit in 2024 in 2024, the irs has increased the standard employee contribution limit for 401(k) plans to $23,000. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.