2024 401k Catch Up Amount. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. Total contributions cannot exceed 100% of an employee’s annual compensation.

The limit for overall contributions—including the employer match—is 100% of your. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.