2024 Max 401k Employee Contribution Amount

2024 Max 401k Employee Contribution Amount. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. In 2024, employees can contribute up to $23,000 to their plans.

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 irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira contribution deductibility.