2024 401k Maximum Contribution Limits

2024 401k Maximum Contribution Limits. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500. Participants who are 50+ can save an additional $7,500 in 2024 in.

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. For 2024, the solo 401 (k) maximum contribution limit for the elective deferral is $23,000 if you’re age 50 and under.