401k 2024 Maximum Limits. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
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. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.