Maximum 401k Contribution 2024 50 Years

Maximum 401k Contribution 2024 50 Years. The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(a) increased from $66,000 to $69,000. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023.