2024 401k Contribution Max. In this piece, we’ll review the 401(k) contribution limits for 2023 and 2024. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.

The 401(k) contribution limit for 2024 is $23,000. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).