Highly Compensated Employee Limit 2024. For plan year 2025, an employee’s 2024 salary must be at least $155,000 to be eligible as an. In 2024, your employees’ 401 (k) contribution limits will increase to $23,000, up from $22,500 in 2023.

Generally, a 401 (k) participant can contribute up to $23,000 to a 401 (k) in 2024 ($22,500 in 2023). Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.