2024 401k Maximum Employer Contribution

2024 401k Maximum Employer Contribution. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

Those 50 and older can contribute an additional. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.