Max 401k Contribution 2024 Employer Limit

Max 401k Contribution 2024 Employer Limit. Employer contributions affect 401(k) contribution limit for the aggregate limit, which is the combined limit for employee and employer contributions. The 401(k) contribution limit is $23,000 in 2024.

This year the irs announced there will be an increase to the maximum employee 401(k) contribution limit for 2024, increasing it to $23,000, a $500 increase from the 2023 tax season. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500.