2024 401k Contributions Max Salary. 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. The 2024 limit on 401(k) contributions is $23,000, or $30,500 for people 50 and older.
Employer matches don’t count toward this limit and can be quite generous. In 2024, employees and employers can contribute a combined maximum of $69,000 (or $76,500 if the employee is age 50 or older).
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