What Is The Maximum 401k Contribution 2024 Over 50. The limit on employer and employee contributions is $69,000. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024.

The total maximum that can be tucked away in your 401(k) plan, including employer contributions and allocations of forfeiture, is $77,500 in 2025, or $7,500 more than the $70,000. The annual elective deferral limit for 401(k) plan employee contributions is increased to $23,000 in 2024.