2024 401k Maximum Contribution Limits

2024 401k Maximum Contribution Limits. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.