401k Contribution Limits 2024 50 And Older. The 401(k) compensation limit is $345,000. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

401(k) accounts have far bigger contribution limits. The irs limits how much employees and employers can contribute to a 401 (k) each year.