2024 401k Contribution Limits 2024 Employer Match

2024 401k Contribution Limits 2024 Employer Match. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k. Each year, the irs determines the maximum that you and your employer can contribute to your roth 401 (k).

For 2023, irs set the 401 (k) contribution limit to $22,500, reflecting an increase of $1,000 from 2022. (in 2023, it’s $66,000.) if you’re 50 or older, you have an absolute limit of.