401 K Limits 2024 Fidelity. The annual employee 401(k) contribution limit is $22,500 in 2023 for those under age 50. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.
People who have access to a 401(k) plan through work can consider putting more money away next year, as the irs also announced annual contribution limit. If you’re 50 and over, you can contribute an extra $7,500 — this is called a 401 (k) catch.