Maximum 401 K Contribution Limit 2024. The limit on employer and employee contributions is $69,000. Find out the irs limit on how much you and your employer can contribute to your 401 (k) retirement savings account in 2023 and 2024.

Most people don’t max out. For the tax year 2024, the maximum amount that an employee can contribute to their 401 (k) retirement plan is $23,000.