401k Contribution Limits 2024 Employers Liability. The irs allowed employers to amend their cafeteria plans for this new election change event at any time on or before the last day of the plan year that begins in 2024. There's a higher 401(k) contribution limit for 2025.

With those in the 60 to 63 age group eligible for even higher limits. Maximum contribution limits for 401(k) plans are rising by $500 for many workers in 2025.