2024 401k Catch Up Contribution Limit 2024. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

This dollar amount is the same as in 2023. Those 50 and older can contribute an additional.