2024 Max 401k Employee Contribution
2024 Max 401k Employee Contribution . The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000. The 401(k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.
This limit includes all elective employee salary deferrals and any contributions made to a designated roth account. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.
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