401 K Contribution Limits 2024. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

Read our write up on the current 401(k) contribution limits and what they mean for you. In this piece, we’ll review the 401(k) contribution limits for 2023 and 2024.