Irs 401k Employer Contribution Limits 2024. The limit for employee contributions to a 401(k) in 2024 is $23,000 for those under 50. The limit on employer and employee contributions is $69,000.

For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000. Section 605(a) of the secure 2.0 act added section 170(h)(7)(a) to the code, which provides that a contribution by a partnership (whether directly or as a distributive share of a contribution of another partnership) is not treated as a qualified conservation contribution for purposes of section 170 if.