What Is 401k Contribution Limit For 2024 Uk. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.

What is the maximum 401k contribution limit for 2021? 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.