401k Max Contribution 2024 Ee And Er. 401 (k) contribution limits in 2023 and 2024. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.
The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023 to $345,000 in 2024. This is always 5x the maximum 401 (k) plan total contribution limit.