401k Limit 2024 Employer Contribution. If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. In 2023, this rises to $22,500.

Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. For 2024, you can contribute up to $7,000 to a roth ira if you’re under 50 and your income falls below the threshold.