Total 401k Contribution Limit 2024. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. The enhanced contribution limit will be equal to the greater of (1) $10,000 or (2) 150% of the standard catch up contribution limit.

The $10,000 limit is indexed for inflation so,. Below, we’ll break down the details on the new 2025 maximum 401k contribution limits as well as the current 2024 maximum 401k contribution limits as you can still contribute.