Maximum 401k Contribution 2024 50 Years Old. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. The base 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023).
The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.
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