Maximum 401k Contribution 2024 Company Match. The contribution limit will increase from $22,500 in 2023 to $23,000. For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.
The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.
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