2024 Max 401k Contribution 50 Year Olds And. The 401 (k) compensation limit. 401 (k) contribution limits in 2023 and 2024.

Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. The base 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023).