Dennie Marrilee

401k Limit 2024 Roth Or Traditional. There are two types of 401 (k) contributions: For individual retirement accounts (iras)—both roth and traditional types—the 2024 contribution limit will increase to $7,000, up from $6,500 in 2023.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. This amount is up modestly from 2023, when the individual.