2024 401k Contribution Limits Chart By Age. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000. The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that.
Employee 401(k) contribution limits for 2024 as of 2023, individual employees have a 401(k) contribution limit of $22,500, allowing them to contribute this. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.