Ashlen Marcelle

Employee 401k Contribution Limits 2024. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.

The 2024 solo 401 (k) contribution limits will increase those totals. This limit includes all elective employee salary deferrals and any contributions made to a designated roth account.