401k Contribution Limits 2024 Company Match Fund. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023โs limit.
For 2024, a 401 (k) participant filing single can contribute up to $23,000 (up from $22,500 in 2023). The internal revenue service sets the maximum amount you and your employer can contribute to your 401 (k), and that number increases in 2024.