401k Contribution Limit Increase 2024. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025. The 2024 rmd rule changes offer new opportunities to manage retirement income, minimize taxes and plan for charitable giving.

The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions. The 401(k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.