Mandi Rozella

401k Contribution 2024 Maximum. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.

But instead of matching that $23,000 (4% of $500,000 is $20,000),. The 401(k) contribution limit is $23,000.