401k Max Contribution Limit 2024. The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024. Contributions from all sources—including employer 401(k) matching—are limited to $69,000 in 2024 ($70,000.
The 401(k) contribution limit is the maximum amount an individual can contribute to their 401(k) retirement account in a calendar year without facing tax penalties. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.
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