401 K Limits 2024 Catch Up. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. 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.

For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. Total contributions cannot exceed 100% of an employee’s annual compensation.