Agata Rosina

2024 401k Catch Up Contribution Limit. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. The limit on employer and employee contributions is $69,000.

For individuals under 50, the standard 401 (k) contribution limit in 2024 23,000. Individuals aged 50 and older can contribute an additional $7,500 to their traditional 401 (k) accounts, bringing their total contribution limit to $30,500.