2024 Employee 401k Contribution Limits

2024 Employee 401k Contribution Limits. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. This is an increase from the 2023 limit of $22,500.

The roth 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.