Max 401k Contribution 2024 And Catch Up. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

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. Those 50 and older can contribute an.