401k Limits 2024. This limit includes all elective employee salary deferrals and any contributions made to a designated roth account. 401k and retirement plan limits for the tax year 2024.

Plan participants can contribute up to $23,000 for 2024, which is up from $22,500. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.