2024 Max 401k Contribution Employer Contribution. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to.

Each year, the irs places limits on the maximum amount participants can contribute to their 401 (k) plans. 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.