Quinn Carmelia

401 K Limits 2024 Employer. The irs limits how much employees and employers can contribute to a 401(k) each year. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

The overall 401 (k) limits for employee and employer. For 2024, you can contribute up to $7,000 to a roth or traditional ira.