2024 Max 401k Contribution Employer Contribution Limit

2024 Max 401k Contribution Employer Contribution Limit. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. The limit for employee contributions to a 401(k) in 2024 is $23,000 for those under 50.

For those 50 or older, the limit is $30,500. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.