2024 401k Max Contribution Rates

2024 401k Max Contribution Rates. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. Employees 50 or older can contribute up to $30,500 with catch.

For the tax year 2024, the maximum amount that an employee can contribute to their 401 (k) retirement plan is $23,000. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.