Ira Contribution Limits 2024 With 401k Plan.  — you can contribute to both a 401(k) and an ira, as long as you keep your contributions to certain limits. Some retirement plans have lower limits, so check the details of your allowable.

 — employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.  — the 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $345,000 in 2024.