401k Limit 2024 Single

401k Limit 2024 Single. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. The 401(k) compensation limit is $345,000.

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.