2024 401k Contributions Catch Up. In 2022, for people under 50 years old, this limit is $20,500, increasing to $22,500. Total contributions cannot exceed 100% of an employee’s annual.
Every year, by regulation, the irs revises how much you can contribute to your retirement plan that year. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.