401k 2024 Limit Contribution . 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. — if your employer offers a 401(k) and a 401(a), both plans share the same 415(c) (total contribution) limit ($69,000 in 2024).
For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Individual retirement account (ira) $7,000:
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