401k Eligible Compensation Limit 2024. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).


401k Eligible Compensation Limit 2024

Employees age 50 or older may contribute up to an additional $7,500. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

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