2024 401k Limits Catch Up 2024. The 401 (k) compensation limit is $345,000. Total contributions cannot exceed 100% of an employee’s annual compensation.

More people will be able to make contributions to roth ira. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.