2024 Max 401k Contribution Employer Contribution Limit

2024 Max 401k Contribution Employer Contribution Limit. An employer can contribute up to. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

$19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023.