Max 401k Contribution 2024 Employer Contribution Limit. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. Should we stop their salary deferrals when their compensation reaches the annual.
This means that your total 401(k) contribution limit for 2024 is $30,500. Most people don’t max out their 401(k).