2024 401k Limits Contribution Increase. News & world report, the s&p 500 has averaged 7% gains during presidential election years since 1952, below the roughly 10% gains in a typical year. The combined limit for employee and employer contributions is $69,000.

The irs on friday announced the annual contribution limits for qualified defined contribution plans and individual retirement accounts for the 2025 tax year. In 2025, you can contribute up to $23,500 to your 401 (k) at work, or up to $31,000 if you’re 50 or older.