401k Contribution Limits 2024 Employer And Employee. If you’re 50 or older, you can stash an additional $7,500 in your 401 (k). For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. 401(k) contribution limits in 2023 and 2024.