2024 401k Max Limit

2024 401k Max Limit. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The 2024 401 (k) contribution limit the contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal.

Those 50 and older can contribute. The irs sets a maximum contribution limit for how much money employees can put into their 401(k)s, as well as a limit for how much an employer and employee can contribute.