401k Max 2024 Over 50. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. Next year, the limit for savers under 50 is rising to $23,000.

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.