Cayla Nellie

What Is The Highly Compensated Limit 2024. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. That's an increase from the 2023 limit of $330,000.

The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.