401k Contribution Limit 2024 Fidelity. As it sounds like you're aware, the 401(k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 for combined employee and employer contributions. So if you're 50 or older by the end of 2025, you can put up to $31,000 into your 401(k).
The new contribution limit for 401 (k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the internal revenue service said friday. 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.