Irs Defined Contribution Limit 2024. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. 100% of the participant's average compensation for his or.
Irs releases the qualified retirement plan limitations for 2024: The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(a) increased from $66,000 to $69,000.
