Faun Oralle

401k 2024 Max. In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older). For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to.

The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax penalties. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000.