401k Contribution Max 2024. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. You can also contribute the full $7,000 to a roth ira for 2024.
