Employer Maximum 401k Contribution 2024. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The total of all employee and employer contributions per employer will increase from $66,000 in 2023 to $69,000 in 2024 for those under 50.
The 401 (k) contribution limit is $23,000 in 2024. If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, youโre still within the irs limits.