2024 401k Max Limit Over 50. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The limit on employer and employee contributions is $69,000.

In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. For 2024, the limit for 401(k) plan contributions is $23,000, up from $22,500 last year, according to the irs.