401k Contribution Limits 2024 Employer And Employee

401k Contribution Limits 2024 Employer And Employee. For 2024 you may contribute up to $23,000 to your employer's 401 (k) plan. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.

Limits involve both employee and employer contributions, making exact calculations critical to avoid. The 401(k) contribution limit is $23,000.