Maximum 401k Contribution 2024 Employer Contribution Limit. 401 (k) contribution limits in 2023 and 2024. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The contribution limits for individual retirement accounts (iras).