2024 401k Contribution Maximum . 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 in 2024, a $500 increase. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
The maximum allowable combined employer and employee contribution is $69,000. Subtracting the maximum employee contribution limit for 2024 gives us $46,000 if the employee is under 50, or $53,500 if the employee is 50 or older.
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