2024 Max 401k Contribution Employer Contribution Limit

2024 Max 401k Contribution Employer Contribution Limit. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. 401 (k) contribution limits should continue their upward climb in 2024, according to a recent projection by mercer.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Employer matches don’t count toward this limit.