401k Limit 2024 Employer Contribution. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. 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.

In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.