Irs 401k Annual Compensation Limit 2024. 401(k) compensation limits for 2024. The limit on employer and employee contributions is $69,000.

Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.