2024 401k Maximum Compensation. The 2024 limit on 401 (k) contributions is $23,000, or $30,500 for people 50 and older. Altogether, the most that can be contributed to your 401 (k) plan between both you and your employer is $69,000 in 2024, up from $66,000 in 2023.


2024 401k Maximum Compensation

In 2024, irs increases to max 401 (k) and ira contributions make it feasible to put more money in your savings. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

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