401k Maximum Contribution 2024 Plus Catch Up 2024. 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.
Employees 50 or older can contribute up to $30,500 with catch. Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers.