401k Limit 2024 Employer Contribution Limit. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.
This amount is up modestly from 2023, when the individual 401. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.