Maximum 401k Contribution 2024 Employer. This amount is an increase of $500 from the 2023 401 (k). The bottom line is that your 401.

If you contribute, say, $23,000 toward your 401 (k) in 2024 and your employer adds $5,000, you’re still within the irs limits. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.