401k Max Contribution 2024 Catch Up. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.
The 401(k) compensation limit is $345,000. Those 50 and older can contribute an additional.