2024 Max 401k Employer Contribution Amount. The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

For 2024, your personal contributions cannot exceed $23,000 or $30,500 if you are age 50 or older. For 2024, the limit on employee and employer contributions is $69,000 or 100% of employee compensation, whichever is lower (up from $66,000 for 2023).