Employee Employer Combined 401k Limits 2024. The roth 401 (k) contribution limit for 2024 is $23,000 for employee contributions and $69,000 total for both employee and employer contributions. This year is a major milestone for the retirement industry as the employee retirement income security act of 1974 (erisa) reaches its 50 th anniversary today.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit.