401k Contribution Limits 2024 Employer Over 50. In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up. The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023.

This amount is up modestly from 2023, when the individual 401 (k). Over time, those extra contributions can really add up.