401 K Contribution Limit For 2024. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023’s limit. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. 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.