Devin Feodora

401k Max Contribution 2024 Employer Contribution. The internal revenue service sets the maximum amount you and your employer can contribute to your 401(k), and that number increases in 2024. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. In 2023, this rises to $22,500.