Max 401k Contribution 2024 Over 50 Catch Up. In 2024, employees can contribute up to $23,000 to a 401(k) plan, a $500 increase from 2023. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.
$1,000 for individual retirement accounts, or iras: In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.