Max 401k Contribution 2024 Including Employer Contribution

Max 401k Contribution 2024 Including Employer Contribution. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

The internal revenue service sets the maximum amount you and your employer can contribute to your 401(k), and that number increases in 2024. Other limits also apply, including the amount your employer can contribute.