401k Eligible Compensation Limit 2024 Calculator. Should we stop their salary deferrals when their compensation reaches the annual. Use our calculator to estimate your future balance.

The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.