V401k 2024 Compensation Limits. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. This amount is up modestly from 2023, when the individual 401 (k) contribution limit was.
401 (k) contribution limits in 2023 and 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.