2024 401 K Catch Up Contribution Limit. Additionally, individuals aged 55 or. Total contributions cannot exceed 100% of an employee’s annual compensation.
— 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. — the 401(k) contribution limit for 2024 is $23,000.