Jaclin Enrichetta

Estimated 401k Limits For 2024. In 2024, the combined limit both you and your employer can contribute to your plan cannot exceed $69,000 or 100% of employee compensation, whichever is less. 401(k) contribution limits should continue their upward climb in 2024, according to a recent projection by mercer.

In 2024, it means setting aside $23,000 in savings, or $30,500 if you’re 50 or older. 401 (k) contribution limits should continue their upward climb in 2024, according to a recent projection by mercer.