What Is 2024 Maximum 401k Contribution Limit

What Is 2024 Maximum 401k Contribution Limit. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

The standard 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023). For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.