401k 2024 Limit Contribution 2024. This limit includes all elective employee salary deferrals and any contributions made to a designated roth account. 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.

The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024. There have been a number of annual limits announced for 2024, from health savings account contributions to the social security wage cap, but employers are still.