Maximum 401k Contribution Catch Up 2024. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. 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.

Adults 50 and older can contribute an additional $7,500 to their 401 (k) plans in 2024. This amount is up modestly from 2023, when the individual 401.