401k Contribution Limits 2024 Employer. The limit for combined contributions made by employers and employees cannot exceed the lesser of 100% of an employee's compensation or $69,000 in 2024,. That amount rises to $76,500 with catch.

For 2024, the ira contribution limit is $7,000 for those under 50, while the 401 (k) deferral limit is $23,000 for this age group. Start with enough to secure an employer matching contribution, experts say.