Irs 401k Employee Contribution Limits 2024. 2025 traditional and roth ira contribution limits. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The irs imposes maximum contribution limits to help ensure all employees’ fair participation in 401 (k) plans.