2024 401k Contribution Limit Catch Up. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50.
This ensures that the limits remain meaningful as the cost of living. This limit will likely be adjusted higher for 2024.