What Is The 401k Limit For 2024 In Canada. Whereas, the 2020 limit for a roth 401(k) is usd $19,500 and up to usd $26,500 if 50 or older. The 401(k) contribution limit for 2024 is $23,000, or $30,500 if you’re at least 50.

The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.