Maximum 401k Contribution 2024 Employer Contribution. Subtracting the maximum employee contribution limit for 2024 gives us $46,000 if the employee is under 50, or $53,500 if the employee is 50 or. 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 401(k) contribution limit is $23,000. The irs released 401(k) and ira contribution limits for 2024.