401k Contribution Limits 2024 Fidelity Account. Your annual contribution is capped at $23,000 in 2024. As of may 1, 2024, the city of kansas city, missouri, will contribute the actuarial required amount of $7.6 million based on a projected payroll of $32.6 million using a contribution.

The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022. The irs sets a limit on how much can be put into a 401(k) plan every year, also known as an annual contribution limit.