2024 Max 401k Deferral 2024. The 401 (k) contribution limit for 2024 is $23,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

What is the 401(k) contribution limit in 2024? The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024.