401k 2024 Limits Catch Up. The 401 (k) compensation limit is $345,000. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.
That limit also applies to 457, 403 (b) and the federal. 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.