2024 401k Catch Up Contribution Limits In Tally Prime. The limit on employer and employee contributions is $69,000. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.
The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500 in 2023. 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.