Estimated 401k Limits For 2024. That means a new 401 (k) contribution limit of. In 2024, the combined limit both you and your employer can contribute to your plan cannot exceed $69,000 or 100% of employee compensation, whichever is less.

In 2024, the combined limit both you and your employer can contribute to your plan cannot exceed $69,000 or 100% of employee compensation, whichever is less. This year, defined contribution plans got a historic contribution limit boost—the.