401k Contributions 2024 Maximum Amount. 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 for individuals has been increased to $23,000 for 2024.
Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. This amount is an increase of $500 from the 2023 401 (k).