Max 401k Contribution 2024 Employer Contribution Limit

Max 401k Contribution 2024 Employer Contribution Limit. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. For those 50 or older, the limit is $30,500.

In 2024, the contribution limit for 401(k) accounts is increasing by $500 to $23,000. 401 (k), 403 (b), most 457 plans, thrift savings plan.