401k Contribution Limits 2024 Catch Up Total Cost. 401k contribution limits for 2024 are $23,000 per person, up from 22,500 in 2023. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.

Total contributions cannot exceed 100% of an employee’s annual. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.