401 K Plan Contribution Limits 2024 Catch Up

401 K Plan Contribution Limits 2024 Catch Up. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. 401 (k) contribution limits for 2024. Those 50 and older can contribute an additional $7,500. The 401 (k) compensation limit is $345,000.